Financial StabilityThe cash reserves of $48 million are expected to support operational expenses until 2028, providing a lengthy financial runway.
Partnership MilestonesSPRO will receive up to ~$540M total in development, sales, and commercial milestones and low single- to low double-digit tiered royalties on net product sales from GSK.
Trial SuccessThe Phase 3 trial of tebipenem in complicated urinary tract infections met its primary endpoint early, showing strong efficacy and leading to an early stop of the trial.