ARTICLE | Deals
Roche in $350M deal with Sommadossi’s Atea for what it believes could be first oral COVID-19 antiviral
Led by Idenix, Pharmasset co-founder, Atea is fresh off $215M round led by Bain
October 23, 2020 12:28 AM UTC
Roche has partnered with Jean-Pierre Sommadossi’s Atea to gain rights to what it believes could be the first oral antiviral to treat COVID-19 patients outside the hospital setting. The therapy is also in testing in hospitalized patients and may be evaluated as post-exposure prophylaxis.
Atea Pharmaceuticals Inc. will receive $350 million in cash up front from Roche (SIX:ROG; OTCQX:RHHBY) and is eligible for undisclosed milestone payments and royalties under the deal for AT-527, a direct-acting antiviral against SARS-CoV-2. ...
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