Immunology vs Ophthalmology — Deal Terms Comparison
Market Analysis
Immunology and Ophthalmology 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 $3.6B total value and $768M upfront for ophthalmology. The differences reflect divergent clinical development timelines, regulatory pathways, and addressable market sizes.
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