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XAIR — Beyond Air News Story

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Brief: Beyond Air Enters Definitive Agreement To Sell Its NeuroNOS Stake To UNIVO Pharmaceutical Industries In Exchange For Equity And Milestone Payments

BRIEF-Beyond Air Enters Definitive Agreement To Sell Its NeuroNOS Stake To UNIVO Pharmaceutical Industries In Exchange For Equity And Milestone Payments

- Beyond Air Inc XAIR.O:

  • BEYOND AIR ENTERS DEFINITIVE AGREEMENT TO SELL ITS NEURONOS STAKE TO UNIVO PHARMACEUTICAL INDUSTRIES IN EXCHANGE FOR EQUITY AND MILESTONE PAYMENTS

  • BEYOND AIR - TO RECEIVE 19.99% OF UNIVO SHARE CAPITAL UPON CLOSING

  • BEYOND AIR - ELIGIBLE FOR UP TO $32.50 MILLION IN MILESTONE PAYMENTS

  • BEYOND AIR - TO TRANSFER IP TO NEURONOS FOR UP TO $6.50 MILLION DEVELOPMENT MILESTONES

  • BEYOND AIR - ELIGIBLE FOR UP TO $26 MILLION IN COMMERCIAL MILESTONE PAYMENTS

Source text: ID:nGNXty1JV

Further company coverage: XAIR.O


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

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