Cidara Offloads Rezzayo, Will Focus On Universal Flu Preventative

 
• By Joseph Haas
  
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Cidara conferred global rights to its novel antifungal to marketing partner, Mundipharma, while reacquiring a flu prophylaxis it licensed to J&J in 2021 and gaining $240m in new funding to back development.

New direction
Cidara divests its antifungal and unveils a new corporate direction • Source: Shutterstock

Cidara Therapeutics, Inc. took a series of steps 24 April that completely reinvent the company, essentially forming a new company with a new focus, Cidara CEO Jeffrey Stein said in an interview.

Key Takeaways

  • Cidara is switching tracks, offloading all rights to antifungal Rezzayo to partner Mundipharma while reacquiring a universal flu-prevention candidate from Janssen.

About a year after obtaining US Food and Drug Administration approval for its antifungal Rezzayo (rezafungin), Cidara announced it is...

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