Brief: Molecure Signs Exclusive Licensing Deal With Ocean Biomedical

Molecure SA

15/10/2024 12:01

Oct 15 (Reuters) - Molecure SA  MOCP.WA :
    * SIGNS EXCLUSIVE LICENSING AGREEMENT WITH OCEAN BIOMEDICAL
    * MAXIMUM VALUE OF PAYMENTS POSSIBLE TO OBTAIN IS $31.8
MILLION
    * OCEAN GRANTED EXCLUSIVE RIGHTS TO DEVELOP AND
COMMERCIALIZE
OAT-3912
    * TO RECEIVE $0.6 MILLION UPFRONT PAYMENT
    * CONTRACT SEES SINGLE DIGIT GROWING PERCENTAGE BASED
REMUNERATION
FOR ROYALTIES FROM SALES OF NEW MEDICINE

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Further company coverage:  MOCP.WA 

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