Commercial PartnershipsX4 Pharmaceuticals has entered into an exclusive licensing agreement with Norgine Pharmaceuticals for the commercialization of mavorixafor in Europe, Australia, and New Zealand.
Financial StabilityXFOR will receive €28.5M as an upfront payment and is eligible for potential regulatory and commercial milestone payments, enhancing financial stability.
Strategic RestructuringThe strategic restructuring, including a reduction in headcount and annual spending, is seen as a prudent measure for long-term growth.