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CLN Celon Pharma SA News Story

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Brief: Celon Pharma Signs Addenda To Agreements With Tang Capital On Novohale Therapeutics Llc

March 13 (Reuters) - Celon Pharma SA CLNP.WA:

SIGNS ADDENDA TO AGREEMENTS WITH TANG CAPITAL CONCERNING ESTABLISHING NOVOHALE THERAPEUTICS LLC

AMENDED INITIAL CAPITAL OF NOVOHALE IS $30 MILLION, CELON PHARMA'S CONTRIBUTION IS $7 MILLION, TANG CAPITAL'S IS $22.46 MILLION

COMPANY'S ECONOMIC SHARE IN NOVOHALE WILL BE 55.1%, WITH 17.9% VOTING SHARE

OPTION FOR CELON PHARMA TO BUY OUT TANG CAPITAL'S SHARES IN NOVOHALE IS ELIMINATED

Source text: ID:nEMQ9j3fa

Further company coverage: CLNP.WA

 (Reporting by Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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