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Nxera Pharma Secuces $8.6 Million Milestone Payment From Centessa Following Late-stage Progress

Source: Nasdaq

Healthcare & BiotechCompany FundamentalsM&A & Restructuring

Nxera Pharma will receive a US$8.6 million milestone payment from Centessa after Centessa (now a wholly-owned Eli Lilly subsidiary) achieved a late-stage development milestone. The update is a positive near-term cash flow catalyst, but it is not indicative of broader financial guidance changes.

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