Financing, Pharma

Rush University Medical Center receives $42 million in royalty financing

Posted on 13 August 2014

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DRI Capital and Rush University Medical Center announced that Drug Royalty III, DRI has purchased Rush’s royalties relating to worldwide sales of Ampyra for approximately $42 million.

Ampyra (dalfampridine) extended release tablets, 10 mg, twice daily, were approved for use in the US in January 2010, and received conditional approval in Europe, where it is known as Fampyra, in July 2011.

Ampyra is marketed by Acorda Therapeutics, Inc. (Acorda), within the United States, and by Acorda’s licensee, Biogen IDEC, internationally.

Ampyra is the only FDA-approved therapy indicated to improve walking in people with multiple sclerosis; this was measured in clinical trials by an increase in walking speed.

Walking disability is one of the most common and debilitating symptoms of the disease. While other multiple sclerosis drugs work by decreasing the inflammatory processes that cause damage to the central nervous system, Ampyra, a potassium channel blocker, was shown in preclinical studies to enhance message conduction in damaged nerve fibers.

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