Brief: Nanexa In Talks With Applied Materials On Joint Development

Nanexa AB

27/11/2020 14:17

Nov 27 (Reuters) - Nanexa AB  NANEXA.ST :
    * NANEXA IN LATE STAGE PARTNERING AND INVESTMENT
NEGOTIATIONS WITH
APPLIED MATERIALS AND APPLIED VENTURES
    * IS IN LATE STAGE TALKS ABOUT ENTERING INTO JOINT
DEVELOPMENT
AGREEMENT WITH APPLIED MATERIALS INC.
    * AIM OF COOPERATION IS TO SCALE UP NANEXA'S PRODUCTION OF
ALD-COATED INJECTABLE DRUGS
    * IS ALSO IN LATE STAGE TALKS WITH APPLIED VENTURES, VENTURE
CAPITAL ARM OF APPLIED MATERIALS, ABOUT ENTERING INTO INVESTMENT
AGREEMENT
    * VIA DIRECTED SHARE ISSUE APPLIED VENTURES INTENDS TO
INVEST USD
1 MILLION DURING Q4 2020
    * APPLIED VENTURES HAS  OPTION TO INVEST UP TO AN ADDITIONAL
USD 2
MILLION IN 2021
    * EXPECTS TO FINALIZE AGREEMENTS WITHIN COMING WEEKS
    * ACCORDING TO PROPOSED DEAL APPLIED MATERIALS WILL PROVIDE
AND
COVER COSTS FOR EQUIPMENT THAT WILL BE INSTALLED AT CO'S
GMP-CLASSIFIED PREMISES IN UPPSALA
    * SUGGESTED COLLABORATION ALSO INCLUDES FUTURE COMMERCIAL
ARRANGEMENTS, INCLUDING MUTUAL COST, REVENUE SHARING PRINCIPLES
AND LICENCES

Source text for Eikon:  ID: 
Further company coverage:  NANEXA.ST 

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