Brief: Dri Healthcare Trust Acquires Additional Royalty Interest In Worldwide Sales Of Vonjo

DRI Healthcare Trust

07/07/2023 18:14

July 7 (Reuters) - Dri Healthcare Trust  DHT_u.TO :
    * DRI HEALTHCARE TRUST ANNOUNCES ACQUISITION OF AN ADDITIONAL ROYALTY
INTEREST IN
THE WORLDWIDE SALES OF VONJO® (PACRITINIB)
    * DRI HEALTHCARE TRUST - AGREED TO PURCHASE OF A ROYALTY INTEREST IN
WORLDWIDE NET
SALES OF VONJO FROM S*BIO PTE LTD FOR US$66 MILLION
    * DRI HEALTHCARE TRUST - TRANSACTION EXTENDS DRI'S OVERALL PORTFOLIO
DURATION TO
OVER 10 YEARS
    * DRI HEALTHCARE TRUST - TRANSACTION ENTITLES DRI HEALTHCARE TO A TIERED
ROYALTY
ON WORLDWIDE NET SALES OF VONJO
    * DRI HEALTHCARE TRUST - ALSO ENTITLED TO RECEIVE UP TO US$107.5 MILLION IN
MILESTONE PAYMENTS
    * DRI HEALTHCARE TRUST - NOW SEES TOTAL INCOME CAGR AT HIGH END OF OUR 7-9%
GUIDANCE THROUGH 2025 AND FLAT TO SLIGHTLY GROWING TOTAL INCOME UNTIL 2030

Source text for Eikon:  ID:nCNWFh2dMa 
Further company coverage:  DHT_u.TO 

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