UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On February 6, 2023, aTyr Pharma, Inc. (the “Company”) announced that its partner Kyorin Pharmaceutical Co., Ltd, a wholly owned subsidiary of Kyorin Holdings, Inc. (“Kyorin”), has dosed the first patient in Japan in EFZO-FIT, a global pivotal Phase 3 study to evaluate the efficacy and safety of the Company’s lead therapeutic candidate, efzofitimod, in patients with pulmonary sarcoidosis, a major form of interstitial lung disease (“ILD”). This achievement has triggered a $10.0 million milestone payment by Kyorin to the Company pursuant to a collaboration and license agreement between the Company and Kyorin (the “Kyorin Agreement”). Kyorin is the Company’s partner for the development and commercialization of efzofitimod for ILD in Japan. Under the Kyorin Agreement, the Company has generated $20.0 million in upfront and milestone payments to date and is eligible to receive up to an additional $155.0 million in the aggregate upon the achievement of certain development, regulatory and sales milestones, as well as tiered royalties on any net sales in Japan. Kyorin has the exclusive rights to develop and commercialize efzofitimod in Japan for all forms of ILD.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ATYR PHARMA, INC. |
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By: |
/s/ Jill M. Broadfoot |
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Jill M. Broadfoot |
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Chief Financial Officer |
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Date: February 6, 2023 |
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