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Paratek will pay $1 per share if XHANCE achieves $150M in net sales in any calendar year prior to December 31, 2028, and $4 per share if XHANCE achieves $225M in net sales in any calendar year prior to December 31, 2029.
This approval expanded the potential addressable market ~10-fold, the majority of which is treated by primary care providers. The transaction will be financed with capital from Paratek, B-FLEXION Life Sciences, and Novo Holdings, and debtfinancing from funds managed by Oaktree Capital Management, L.P.
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