Windtree Eliminates $15 Million Contingent Liability to Deerfield Management Company
Windtree out-licensed global rights to AEROSURF® in 2022.
- Windtree out-licensed global rights to AEROSURF® in 2022.
- “We appreciate the support of Deerfield in our efforts to strengthen our financial position with the completion of this transaction and the expected elimination the $15 million contingent liability.
- As a result, we believe we have meaningfully strengthened and simplified our balance sheet,” said Craig Fraser, Windtree's President and Chief Executive Officer.
- Along with significantly cutting our cash burn rate since the second half of 2022, I believe we have strengthened the company through recent transactions such as this one.