Brief: Janone Inc. Executes Term Sheet To Acquire Soin Therapeutics Llc

AI Financial

16/09/2022 16:29

Sept 16 (Reuters) - Janone Inc  JAN.O :
    * JANONE INC. EXECUTES TERM SHEET TO ACQUIRE SOIN THERAPEUTICS LLC
    * JANONE INC - TRANSACTION HAS A VALUE OF $13 MILLION
    * JANONE - TRANSACTION HAS VALUE OF $13 MILLION, WITH UP TO ADDITIONAL $17 MILLION IN VALUE
DEPENDING ON REVENUES GENERATED BY JAN123 PRODUCT FOR UP TO $30 MILLION
    * JANONE INC - FOLLOWING COMPLETION OF TRANSACTION, JANONE WILL WORK TO ADVANCE JAN123
THROUGH GMP
MANUFACTURING AND INTO CLINICAL TRIALS

Source text for Eikon:  ID:nPn9prQG4a 
Further company coverage:  JAN.O 

 ((Reuters.Briefs@thomsonreuters.com;))