Women's Health Approved Deal Benchmarks
Median upfront of $2.4B with total deal values reaching $7.4B.
Median Upfront
$2.4B
Total Deal Value
$6.3B
Royalty Range
15.8%–27%
Territory Multiplier
1x
Understanding Women's Health Deal Benchmarks at Approved
Approved Women's Health licensing deals command a median upfront payment of $2.4B, with values ranging from $1.7B at the low end to $3.2B for premium assets. These benchmarks reflect the risk-adjusted value of clinical-stage assets in the women's health therapeutic area, where development costs, competitive dynamics, and market potential all factor into deal pricing.
Total deal values — including milestones for development, regulatory, and commercial achievements — range from $5.1B to $7.4B, with a median of $6.3B. Royalty rates for women's health assets at this stage typically fall between 15.8% and 27% of net sales, reflecting the balance between licensor value contribution and licensee commercialization investment.
The Global territory applies a 1x multiplier to base deal economics. This accounts for market size, regulatory complexity, pricing environment, and competitive landscape differences across geographies. Licensors negotiating global rights should calibrate upfront expectations and milestone structures accordingly.
Full Benchmark Data
| Metric | Low | Median | High |
|---|---|---|---|
| Upfront Payment | $1.7B | $2.4B | $3.2B |
| Total Deal Value | $5.1B | $6.3B | $7.4B |
| Royalty Rate | 15.8% | — | 27% |
Comparable Deals
| Year | Licensor | Licensee | Upfront | Total Value | Deal Type |
|---|---|---|---|---|---|
| 2022 | Myovant Sciences | Sumitomo Pharma | $3.0B | $3.0B | acquisition |
| 2022 | TherapeuticsMD | Mayne Pharma | $173M | $173M | acquisition |
| 2022 | Organon | Forendo Pharma | $75M | $900M | option |
| 2023 | ObsEva | XOMA/Kissei | $55M | $350M | licensing |
| 2023 | Dare Bioscience | Bayer | $20M | $300M | licensing |
| 2022 | Evofem Biosciences | N/A (standalone) | $0M | $80M | licensing |
| 2023 | Mayne Pharma | N/A (standalone) | $0M | $350M | licensing |
| 2024 | Biora Therapeutics | N/A (standalone) | $0M | $150M | licensing |
| 2024 | Femasys | N/A (standalone) | $0M | $60M | licensing |
| 2023 | Sage Therapeutics | Biogen | $875M | $1.5B | collaboration |
Frequently Asked Questions
What is the average upfront payment for Approved Women's Health deals?
How does Global territory affect Women's Health deal value?
What royalty rates are typical for Approved Women's Health licensing?
Related Benchmarks
$38M upfront
Women's Health · Preclinical · Global
$93M upfront
Women's Health · Phase 1 · Global
$326M upfront
Women's Health · Phase 2 · Global
$865M upfront
Women's Health · Phase 3 · Global
$2.1B upfront
Oncology · Approved · Global
$1.5B upfront
Neurology/CNS · Approved · Global
$3.4B upfront
Immunology · Approved · Global
$3.5B upfront
Metabolic/Obesity · Approved · Global
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Open Deal CalculatorCite This Data
Ambrosia Ventures. (2026). Women's Health Approved Deal Benchmarks. Retrieved from https://calculator.ambrosiaventures.co/data/womens-health-approved-deals-global
<a href="https://calculator.ambrosiaventures.co/data/womens-health-approved-deals-global">Women's Health Approved Deal Benchmarks</a> — Ambrosia Ventures (2026)
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Data sourced from 2,600+ verified biopharma transactions. Updated monthly.