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Hemophilia A — Deal Benchmarks & Valuation

Median Upfront
$335M
Range: $162M - $510M
Total Deal Value
$1.9B
Range: $1.1B - $2.6B
Royalty Rate
8.2% - 16.4%
Tiered up to 20.4%
Dev Milestones
$333M
Range: $200M - $466M

Market Analysis

Hemophilia A is one of the most actively transacted indications in rare disease licensing. Phase 2 deals for hemophilia a carry a median total deal value of $1.9B, with upfront payments ranging from $162M to $510M. The recommended deal structure allocates approximately 18% to upfront payments and 82% to milestones.

Milestone structures for hemophilia a deals allocate $333M to development milestones, $379M to regulatory milestones, and $803M to commercial milestones. Royalty rates range from 8.2% to 16.4% at the base tier, with tiered escalation reaching 12.2%-20.4% on peak sales.

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Frequently Asked Questions

What are typical deal terms for hemophilia a licensing?
Phase 2 hemophilia a licensing deals average $335M in upfront payments with $1.9B total deal value. The 18/82 upfront/milestone split reflects the risk profile at this clinical stage.
What royalty rates are standard for hemophilia a deals?
Base royalty rates for hemophilia a transactions range from 8.2% to 16.4%, with tiered escalations reaching 12.2%-20.4% on peak sales. Rates are influenced by mechanism differentiation, competitive positioning, and territorial scope.
How are hemophilia a deal milestones structured?
Hemophilia A deals allocate approximately 82% of total deal value to milestones. Development milestones ($333M) make up the largest share, followed by commercial milestones ($803M) and regulatory milestones ($379M).
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