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;))