Brief: Cipher Pharmaceuticals Receives Arbitration Award On Trulance®

Cipher Pharmaceuticals

15/01/2021 23:06

Jan 15 (Reuters) - Cipher Pharmaceuticals Inc  CPH.TO :
    * CIPHER PHARMACEUTICALS RECEIVES ARBITRATION AWARD ON
TRULANCE®
    * CIPHER PHARMA - ARBITRATION AWARD HOLDS THAT CO WAS IN
BREACH OF
CONTRACT, WILL BE REQUIRED TO TURN OVER CANADIAN DIN FOR
TRULANCE TO BAUSCH HEALTH
    * CIPHER PHARMACEUTICALS - WILL IMPAIR ABOUT $5.4 MILLION IN
INTANGIBLE ASSETS RELATED TO UPFRONT & MILESTONE PAYMENTS PAID
    * CIPHER PHARMACEUTICALS INC - TRULANCE WAS NOT CURRENTLY
BEING
MARKETED OR GENERATING REVENUE FOR CIPHER

Source text for Eikon:  ID:nCNWjhqRfa 
Further company coverage:  CPH.TO 

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