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Immunology vs Cardiovascular — Deal Terms Comparison

Immunology Median Upfront
$480M
Total: $2.5B
Cardiovascular Median Upfront
$606M
Total: $3.0B
Immunology Royalties
13.2%-22.1%
Tiered to 26.1%
Cardiovascular Royalties
9.4%-18.7%
Tiered to 22.7%

Market Analysis

Immunology and Cardiovascular represent distinct licensing landscapes with different risk-reward dynamics. Phase 2 immunology deals carry a median total deal value of $2.5B with $480M upfront, compared to $3.0B total value and $606M upfront for cardiovascular. The differences reflect divergent clinical development timelines, regulatory pathways, and addressable market sizes.

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Frequently Asked Questions

How do immunology and cardiovascular deal terms compare?
Immunology Phase 2 deals average $2.5B total value ($480M upfront), while Cardiovascular deals average $3.0B ($606M upfront). The differences are driven by addressable market size, clinical development complexity, and regulatory pathway characteristics.
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