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flag Sobi pays $275M to cut Aspaveli royalties by 90%, funding rare kidney disease approvals in EU.

flag Sobi and Apellis Pharmaceuticals have amended their licensing agreement for Aspaveli, reducing Sobi's ex-US royalty obligations by 90% in exchange for a $275 million upfront payment and up to $25 million in milestone payments. flag The deal funds regulatory approvals in the EU for rare kidney diseases C3G and IC-MPGN. flag Aspaveli is already approved in the EU and US for treating PNH, with reviews ongoing for the new indications.

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