"We achieved a significant milestone in Cidara's corporate evolution with the submission of an NDA for rezafungin for the treatment of candidemia and invasive candidiasis," said Jeffrey Stein, Ph.D., President and Chief Executive Officer of Cidara. "We were also pleased to announce a license agreement with Melinta Therapeutics for the U.S. commercialization of rezafungin for up to $460 million. We expect a PDUFA target action date in the first quarter of 2023."