Biotech News

Spero Therapeutics Announces $105 Million Non-Recourse Non-Dilutive Financing Backed by a Portion of Utebzi Milestones & Royalties

Spero Therapeutics (SPRO)Spero TherapeuticsFinancing

Financing supports Phase 2 development of SP001, Spero's first immunology drug candidate, in-licensed from Innovent Biologics

Transaction unlocks immediate value from future Utebzi (tebipenem pivoxil) milestones and royalties, and positions Spero to participate in potential long-term commercial upside

Spero updates its...

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Spero Therapeutics

Spero Therapeutics is an anti-infective company focused on bacterial infections and novel antibiotics. Its story is centered on addressing drug-resistant pathogens and difficult infection settings.

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1.27 USD
Market cap
163.86M USD
Exchange
NASDAQ
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Biopharma
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United States