Biofrontera Inc. announces sale of license to Xepi® Antibiotic Cream to Pelthos Therapeutics Inc. for up to $10M
1. Biofrontera divested its US license for Xepi® to Pelthos Therapeutics. 2. The divestiture secured $10 million, strengthening Biofrontera's cash position. 3. Funds will accelerate growth of Ameluz® and its indications. 4. CEO highlights focus on profitability post-restructuring. 5. FDA approved Xepi® for impetigo treatment, but BFRI shifts focus to PDT.