WINT - Windtree Therapeutics (NASDAQ: WINT) Eliminates $15 Million Contingent Liability To Deerfield Management Company | Benzinga

Windtree Therapeutics (NASDAQ: WINT) announced an agreement with affiliates of biopharma investor Deerfield Management Company to fully retire a $15 million contingent liability associated with Windtree’s Aerosurf®, a drug and device combination treatment for premature infants with respiratory distress syndrome. 

No Significant Debt On The Balance Sheet And Increased Shareholder Equity Ahead Of Windtree’s Anticipated Later-Stage Clinical Trials

"We appreciate the support of Deerfield in our efforts to strengthen our financial position with the completion of this transaction and the expected elimination the $15 million contingent liability. As a result, we believe we have meaningfully strengthened and simplified our balance sheet,” said Craig Fraser, Windtree's President and Chief Executive Officer. "In addition, our lead asset, istaroxime, is progressing in two ongoing clinical trials in cardiogenic shock and we recently announced a new regional license with Lee’s Pharmaceuticals intended to initiate Phase 3 work in acute heart failure and potentially provide non-dilutive revenue. Along with significantly cutting our cash burn rate since the second half of 2022, I believe we have ...

WINT) Eliminates $15 Million Contingent Liability To Deerfield Management Company>Full story available on Benzinga.com