Brief: NEXGEL Announces Spin-Off Of Drug Delivery Program Into NexGelRx
11/12/2025 13:05
Dec 11 (Reuters) - Nexgel Inc NXGL.O: NEXGEL ANNOUNCES SPIN-OFF OF DRUG DELIVERY PROGRAM INTO NEXGELRX NEXGEL INC: WILL RECEIVE A 5% ROYALTY, IN PERPETUITY, FOR GLOBAL RIGHTS TO ITS TECHNOLOGY FOR RX DRUG DELIVERY BY NEXGELRX NEXGEL INC: WILL ALSO RETAIN A 19.99% EQUITY STAKE IN NEXGELRX NEXGEL INC - SHAREHOLDERS RECEIVE 19.99% EQUITY IN NEXGELRX Source text: ID:nGNX5wn2Js Further company coverage: NXGL.O ((Reuters.Briefs@thomsonreuters.com;))