KalVista (KALV) Pharmaceuticals announced that its wholly-owned subsidiary, KalVista Pharmaceuticals, Ltd., has licensed commercialization rights in Japan to Kaken Pharmaceutical, for sebetralstat, an investigational, oral on-demand treatment for hereditary angioedema, or HAE. KalVista will receive an upfront payment of $11M, with an additional payment of up to $11M upon achievement of a regulatory milestone anticipated in early 2026. Beyond these payments, the Company is also eligible for commercial milestone payments, plus royalties based on the Japan National Health Insurance, or NHI, price, with the royalty rate as a percentage of sales approximately in the mid-twenties.
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