ALK enters strategic license agreement with ARS Pharma for neffy® adrenaline nasal spray, excluding USA, Australia, New Zealand, Japan, and China. The deal supports ALK's Allergy+ strategy and long-term financial ambitions, with ALK paying USD 145 million upfront and additional milestones and royalties. neffy®, approved in EU and US in 2024, is the first needle-free emergency treatment for anaphylaxis, with potential new indications in acute urticaria. ALK plans to focus on European and Canadian markets initially, with a portfolio approach to meet diverse patient needs.