On December 16, 2025, Windtree Therapeutics signed an agreement to sell its cardiovascular drug candidates to Seismic Pharmaceutical Operations (SPO). Windtree is entitled to 20% of any future proceeds SPO receives, including global commercial net revenue from the acute heart failure treatment if approved. If SPO raises at least $10 million in financing to develop the assets, Windtree will receive a $700,000 payment. Windtree will also transfer certain development payables related to these candidates to SPO.
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