Brief: Iveric Bio - Agreed To Pay Delsitech Up To Eur35.0 Million If Co Achieves Specified Clinical, Development Milestones With Respect To Licensed Product

IVERIC bio

05/07/2022 12:48

July 5 (Reuters) - Iveric Bio Inc  ISEE.O :
    * IVERIC BIO - AGREED TO PAY DELSITECH UP TO EUR35.0 MILLION
IF CO
ACHIEVES SPECIFIED CLINICAL, DEVELOPMENT MILESTONES WITH RESPECT
TO LICENSED PRODUCT
    * IVERIC BIO - TO PAY DELSITECH UP TO EUR60.0 MILLION IF CO
ACHIEVES SPECIFIED COMMERCIAL SALES MILESTONES WITH RESPECT TO
WORLDWIDE NET SALES OF LICENSED PRODUCT
    * IVERIC BIO INC - ALSO OBLIGATED TO PAY DELSITECH ROYALTIES
AT A
LOW SINGLE-DIGIT PERCENTAGE OF NET SALES OF LICENSED PRODUCT

Source: [https://bit.ly/3usslnQ]
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