Brief: Aditxt Signs Asset Purchase Agreement To Acquire Fifty Percent Ownership Of Global Response Aid – With Rights To Manufacture And Market Broad-Spectrum Antiviral Drug Avigan

Aditxt

20/04/2023 13:02

April 20 (Reuters) - Aditxt Inc  ADTX.O :
    * ADITXT SIGNS ASSET PURCHASE AGREEMENT TO ACQUIRE FIFTY
PERCENT
OWNERSHIP OF GLOBAL RESPONSE AID – WITH RIGHTS TO MANUFACTURE
AND MARKET BROAD-SPECTRUM ANTIVIRAL DRUG AVIGAN
    * ADITXT SIGNS ASSET PURCHASE AGREEMENT TO ACQUIRE FIFTY
PERCENT
OWNERSHIP OF GLOBAL RESPONSE AID – WITH RIGHTS TO MANUFACTURE
AND MARKET BROAD-SPECTRUM ANTIVIRAL DRUG AVIGAN
    * ADITXT INC - CONSIDERATION FOR TRANSACTION IS $24.5
MILLION
    * ADITXT INC - DEAL VALUE COMPRISES OF FORGIVENESS OF
ADITXT'S
$14.5 MILLION LOAN TO CELLVERA, AND $10 MILLION IN CASH, AND
FUTURE ROYALTIES FOR 7 YEARS

Source text for Eikon:  ID:nBw4345L1a 
Further company coverage:  ADTX.O