Brief: Electrocore Announces Remittance Of Annual License Fee From Teijin For Certain Exclusive Rights In Japan

electroCore,.

11/04/2023 13:35

April 11 (Reuters) - Teijin Ltd  3401.T :
    * ELECTROCORE ANNOUNCES REMITTANCE OF ANNUAL LICENSE FEE
FROM
TEIJIN FOR CERTAIN EXCLUSIVE RIGHTS IN JAPAN
    * ELECTROCORE, INC. - UNDER LICENSE AGREEMENT, CO RECEIVED A
NON-REFUNDABLE, UPFRONT PAYMENT FOR LICENSES AND RIGHTS GRANTED
TO TEIJIN
    * ELECTROCORE - TEIJIN DEAL WITH CO FOR CERTAIN EXCLUSIVE
RIGHTS
TO CO'S NON-INVASIVE VAGUS NERVE STIMULATION TECHNOLOGY FOR
COMMERCIALIZATION IN JAPAN
    * ELECTROCORE, INC. - AS PART OF LICENSE AGREEMENT, TEIJIN
WILL
HAVE RIGHT OF FIRST NEGOTIATION FOR A LICENSE TO ADDITIONAL
INDICATIONS IN JAPAN
    * ELECTROCORE - AS PART OF DEAL, TEIJIN IS RESPONSIBLE FOR
ALL
COSTS ASSOCIATED WITH REGULATORY APPROVAL BY PHARMACEUTICALS &
MEDICAL DEVICES AGENCY

Source text for Eikon:  ID:nGNX6RT1SQ 
Further company coverage:  3401.T 

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