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SK Biopharmaceuticals licenses Biohaven's epilepsy drug opakalim with $400M upfront and up to $795M total payments.

Company Fundamentals
26 Aug 2026
PRNewsWire
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Bullish
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SK Biopharmaceuticals has secured an exclusive global license to Biohaven's Kv7 platform drug opakalim, a next-gen treatment for focal epilepsy currently in Phase 2/3 trials with results expected in late 2026. The deal includes $400 million upfront to Biohaven, milestone payments up to $795 million, and tiered royalties on U.S. sales. This partnership leverages SK Biopharmaceuticals' proven epilepsy commercial expertise to bring opakalim to patients worldwide, while Biohaven gains non-dilutive capital and retains long-term revenue potential. The collaboration aims to advance opakalim through FDA approval and global commercialization, offering a novel once-daily oral epilepsy treatment with fewer CNS side effects.

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