Komori
Business Alliances4565Nxera Pharma Co.,Ltd.Pharmaceuticals

Received a milestone payment of US$8.6 million from Centessa following progress in late-stage development

Under its research and development collaboration with Centessa, the company will receive US$8.6 million upon achievement of a milestone for the OX2R agonist in late-stage development. The full amount will be recognized as revenue in the third quarter of the fiscal year ending December 2026.

Worth reading
38Recurring
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
8.6
USD million
Wording
Definitive
How definitive the wording is.

Agreements reached under this partnership

Business Alliances
4565Nxera Pharma Co.,Ltd.
Alliance partnerCentessa Pharmaceuticals Limited (Centessa)
Details of the alliance
  1. 1

    Research and development collaboration with Centessa

  2. 2

    The company continues to retain the milestones and royalties related to the future development and commercialization of the program

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
Business DescriptionCentessa's OX2R agonist program, designed to treat a broad range of diseases related to sleep and wakefulness, among others
Impact on Business Performance

The company will receive US$8.6 million (approximately ¥1,380 million), and the full milestone payment will be recognized as revenue in the third quarter of the fiscal year ending December 2026. The impact on the company's consolidated results for the fiscal year ending December 2026 has already been incorporated into the consolidated earnings forecast for the fiscal year disclosed on 13 February 2026.

Agreements reached under this partnership
ItemDetails
Name of alliance partnerCentessa Pharmaceuticals Limited (Centessa)
Alliance partner's business activitiesCentessa's OX2R agonist program, designed to treat a broad range of diseases related to sleep and wakefulness, among others
Type of allianceBusiness Alliances
Details of the allianceResearch and development collaboration with Centessa, The company continues to retain the milestones and royalties related to the future development and commercialization of the program
Impact on Business PerformanceThe company will receive US$8.6 million (approximately ¥1,380 million), and the full milestone payment will be recognized as revenue in the third quarter of the fiscal year ending December 2026. The impact on the company's consolidated results for the fiscal year ending December 2026 has already been incorporated into the consolidated earnings forecast for the fiscal year disclosed on 13 February 2026.
Items this document does not state (18)
Alliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Centessa achieved a late-stage development milestone for its selective orexin 2 receptor (OX2R) agonist under development.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Received a milestone payment of US$8.6 million from Centessa following progress in late-stage development | Nxera Pharma Co.,Ltd. (4565) timely disclosure | Komori