Agreement signedPublished 4 Dec 2025

Royalty Pharma /
Denali

Royalty Pharma to fund Denali in exchange for a royalty

Buy side: Royalty Pharma
Buy sideRoyalty Pharma
Target: Denali
TargetDenali
Denali Therapeutics Inc. · 4 Dec 2025Source
Buy side: Royalty Pharma
Buy sideRoyalty Pharma
Target: Denali
TargetDenali
01 / BuyerRoyalty Pharma
02 / TargetDenali
Source for the buyer and target: Denali Therapeutics Inc.

For the buyer and target.

““We are delighted to partner with Denali and acquire a royalty on tividenofusp alfa, an innovative therapy that addresses a significant unmet need in the cognitive and physical manifestations of Hunter syndrome,” said Pablo Legorreta, Chief Executive Officer and Chairman of the Board of Royalty Pharma.”

Published 4 Dec 2025

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01

What happened

Royalty Pharma plc agreed to provide Denali Therapeutics Inc. with up to $275 million in funding in exchange for a royalty on future net sales of tividenofusp alfa. [01]

The transaction is subject to closing conditions, including FDA accelerated approval of tividenofusp alfa on or before June 30, 2026. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · Denali Therapeutics Inc.

Royalty Pharma to fund Denali in exchange for a royalty

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03

Timeline

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  1. Published by Denali Therapeutics Inc.

    The source this page is built from.

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  2. Also stated

    “The transaction is subject to closing conditions, including FDA accelerated approval of tividenofusp alfa on or before June 30, 2026”

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