Brief: Bone Therapeutics And Link Health Sign Non-Binding Term Sheet For Global Rights Of ALLOB

Biosenic SA

29/11/2021 06:05

Nov 29 (Reuters) - Bone Therapeutics SA  BOTHE.BR :
    * BONE THERAPEUTICS AND LINK HEALTH SIGN A NON-BINDING TERM
SHEET
FOR THE GLOBAL RIGHTS OF ALLOB
    * BONE THERAPEUTICS AND LINK HEALTH AIM TO COMPLETE FINAL
AGREEMENT AND TO FULLY EXECUTE IT BY END OF 2021
    * LINK HEALTH TO BE GRANTED GLOBAL RIGHTS FOR DEVELOPMENT,
MANUFACTURING AND COMMERCIALIZATION OF ALLOB
    * BONE THERAPEUTICS TO RECEIVE RESEARCH AND DEVELOPMENT COST
REIMBURSEMENT, COMMERCIAL MILESTONE PAYMENTS OF UP TO €60
MILLION IN TOTAL AND TIERED ROYALTIES ON NET SALES OF UP TO 25%
UPON COMPLETION OF FINAL AGREEMENT
    * TWO PARTIES WILL IMMEDIATELY COMMENCE DRAFTING OF A
BINDING
LICENSE AGREEMENT

Source text for Eikon:  ID:nGNE4pkj9j 
Further company coverage:  BOTHE.BR 

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