Windtree may receive license agreement payments for renewed development work

Windtree Therapeutics (WINT) announced that it may receive license agreement payments from its licensee for renewed development work in the Company’s licensed acute pulmonary treatments. The amended and restated global license agreement was executed in August, 2022. The agreement includes potential milestone payments up to $78.9 million and up to low double digit royalties. The license partner is responsible for all costs of development and commercialization. “Windtree has been informed by its licensing partner about its acute pulmonary treatment development plan and we are supportive for these activities,” said Jed Latkin, Chief Executive Officer of Windtree. “Around the world, RDS remains as a serious condition that needs innovation. Potential milestone and royalty payments to Windtree would be non-dilutive and could contribute to funding our current corporate strategy.”