Brief: Acura gets $2.5 mln milestone payment from Egalet Corp

Acura Pharmaceuticals

12/10/2015 11:30

Oct 12 (Reuters) - Acura Pharmaceuticals Inc  ACUR.O : 
 * Receives $2.5 million milestone payment from Egalet Corporation 
 * To receive stepped royalty commencing on first commercial sale at percentage 
   rates from mid-single digits to double digits 
 * Receipt of $2.5 million milestone payment from Egalet Corporation triggered 
   by first commercial shipments of oxaydo tablets 
 * Agreement provides for one-time payment of $12.5 million when annual world-wide net sales of oxaydo reach $150 million in calendar year 
 
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