Dec. 23 at 9:26 PM
$IRWD
Today’s filing shown how motivated Tom McCourt is even he claimed a month ago that “ Ferring’s lawsuits has no merit…”
The only logical reason for Tom to agree to not only
$5M more cash but adding additional royalties for 1st 7 years IF APRA gets approval said a lot about the good potential of APRA new trial alignment, as well as the great potentials in BO deal.
“Under the amendment, VectivBio will make aggregate payments of
$12.5 million to Ferring, with an initial payment of
$7.5 million and a second payment of
$5 million due by December 31, 2026, subject to certain conditions. The amendment also includes clarifications regarding ownership and certain intellectual property rights. In addition, VectivBio will pay Ferring a high single-digit percentage royalty on net sales of any licensed product for seven years from the first commercial sale, and a low single-digit percentage royalty thereafter until the licensed product is no longer covered by a valid patent claim.”
