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Keros Therapeutics to Receive $20 Million Development Milestone Payment From Takeda

Provided by Dow Jones Jul 31, 2026, 4:09:00 AM

By Elias Schisgall

Keros Therapeutics said it will receive a $20 million development milestone payment under its global license agreement with Takeda Pharmaceuticals.

The milestone was hit when the first patient was dosed in a Phase 3 trial for elritercept, an treatment for anemia due to very low, low, or intermediate risk myelodysplastic syndromes.

Keros said it expects to distribute 25% of the net proceeds from the payment to stockholders.

The company already received a $200 million upfront payment at the start of the global license agreement in February 2025. It is eligible for milestone payments potentially totalling more than $1.1 billion, it said, as well as tiered royalties on net sales.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

July 30, 2026 19:09 ET (23:09 GMT)

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