Brief: Avantium Acquires Right To Use Eastman's FDCA-Related Patent Portfolio

Avantium NV

09/02/2021 06:24

Feb 9 (Reuters) - Avantium NV  AVTX.AS :
    * AVANTIUM ACQUIRES RIGHT TO USE EASTMAN'S FDCA-RELATED
PATENT
PORTFOLIO
    * UNDER THE AGREEMENT, AVANTIUM WILL PAY EASTMAN A LICENSING
FEE
AND ONGOING ROYALTY PAYMENTS RELATED TO MANUFACTURED VOLUMES.
PAYMENTS WILL BE PARTLY MADE IN AVANTIUM SHARES
    * FLAGSHIP PLANT, WHICH, DEPENDENT ON A POSITIVE FINAL
INVESTMENT
DECISION, IS PLANNED TO START UP IN 2023

Source text for Eikon:  ID:nNDL3W4SkW 
Further company coverage:  AVTX.AS 

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