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Hepatitis D (HDV) — Deal Benchmarks & Valuation

Median Upfront
$670M
Range: $390M - $928M
Total Deal Value
$2.6B
Range: $1.7B - $3.4B
Royalty Rate
8.4% - 16.8%
Tiered up to 20.8%
Dev Milestones
$417M
Range: $298M - $541M

Market Analysis

Hepatitis D (HDV) is one of the most actively transacted indications in infectious disease licensing. Phase 2 deals for hepatitis d (hdv) carry a median total deal value of $2.6B, with upfront payments ranging from $390M to $928M. The recommended deal structure allocates approximately 26% to upfront payments and 74% to milestones.

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Frequently Asked Questions

What are typical deal terms for hepatitis d (hdv) licensing?
Phase 2 hepatitis d (hdv) licensing deals average $670M in upfront payments with $2.6B total deal value. The 26/74 upfront/milestone split reflects the risk profile at this clinical stage.
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