Lupus Nephritis — Deal Benchmarks & Valuation
Market Analysis
Lupus Nephritis is one of the most actively transacted indications in immunology licensing. Phase 2 deals for lupus nephritis carry a median total deal value of $3.1B, with upfront payments ranging from $314M to $858M. The recommended deal structure allocates approximately 19% to upfront payments and 81% to milestones.
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