Roivant’s $14M Bayer Deal Shows Strong Phase 2 Results

Roivant’s subsidiary Pulmovant reported positive Phase 2 PHocus results for mosliciguat, an inhaled treatment licensed from Bayer for pulmonary hypertension associated with interstitial lung disease (PH-ILD).

The 135-patient trial met its primary endpoint, showing a 56.3% placebo-adjusted reduction in pulmonary vascular resistance at Week 16.

Secondary endpoints also improved:
six-minute walk distance increased by 35.2 meters and NT-proBNP, a marker of cardiac strain, fell by 53.2% versus placebo.

Mosliciguat’s cough rate was 12.1%, lower than the 18.2% reported in the placebo group, according to the reported results.

Roivant paid Bayer $14 million upfront in 2024 for worldwide rights, with up to $280 million in potential milestone payments plus royalties. The deal’s total potential value was approximately $294 million.

Pulmovant has reportedly advanced mosliciguat into Phase 3, targeting roughly 200,000 PH-ILD patients in the United States and Europe.

The results are encouraging but do not establish regulatory approval; Phase 3 data and regulatory review will still be required.

Sources:

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