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Blackstone commits up to $1.3bn to Apogee’s skin drug

privateequitywire

4 weeks ago

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Blackstone Inc is committing as much as $1.3bn in structured financing to Apogee Therapeutics Inc, supporting the biotech’s efforts to advance a potential rival to the widely used eczema treatment Dupixent, according to a report by Bloomberg.
The funding package includes up to $800m in direct capital alongside as much as $500m in debt financing, with Blackstone receiving royalty-linked returns tied to future product sales, according to the companies.
The agreement is aimed at accelerating develo...

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