Brief: Biofrontera Reaches Out-Of-Court Settlement With DUSA Pharmaceuticals

Biofrontera AG

29/11/2021 14:35

Nov 29 (Reuters) - BIOFRONTERA AG  B8FGn.DE :
    * REACHES OUT-OF-COURT SETTLEMENT WITH DUSA PHARMACEUTICALS,
INC.
    * COMPANY AS WELL AS ITS DEFENDANT SUBSIDIARIES HAVE AGREED
TO PAY
DUSA USD 22.5 MILLION IN SETTLEMENT OF POTENTIAL CLAIMS
    * FURTHER MUTUAL CLAIMS HAVE BEEN RELEASED
    * HALF OF SETTLEMENT AMOUNT IS DUE UPON EXECUTION OF
AGREEMENT,
THEREAFTER ONE QUARTER ON EACH OF FIRST AND SECOND ANNIVERSARIES
AFTER EXECUTION OF AGREEMENT
    * OF THIS AMOUNT, 50% WILL BE BORNE BY COMPANY AND 50% BY
BIOFRONTERA INC

Source text for Eikon:  ID:nPexWVKw1a 
Further company coverage:  B8FGn.DE 

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