Brief: NeuroSearch and Saniona enter into agreement on transfer of rights

NTG Nordic Transport AS

05/07/2017 08:15

July 5 (Reuters) - NEUROSEARCH A/S  NEUR.CO : 
    * SAID ON TUESDAY SOLD REMAINING RIGHTS IN THE PRECLINICAL 
AND CLINICAL ASSETS DIVESTED TO SANIONA DURING THE PERIOD 
2012-2016 
    * IN FULL AND FINAL SETTLEMENT OF NEUROSEARCH'S REMAINING 
RIGHTS IN THE DIVESTED PROGRAMS, WIL RECEIVE FROM SANIONA 
ONE-TIME CASH PAYMENT OF DKK 5.5 MLN 
    * SANIONA WILL FULLY ASSUME NEUROSEARCH'S ROYALTY 
OBLIGATIONS TO THIRD PARTIES REGARDING POTENTIAL NET SALES OF 
PRODUCTS 
    * FOR 2017, NEUROSEARCH NOW EXPECTS AN OPERATING LOSS IN THE 
RANGE OF DKK 2.3-3.3 MILLION, AGAINST PREVIOUSLY DKK 4.5-5.5 
MILLION 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nCSE6ZKT 
     
 Further company coverage:  NEUR.CO   
    
 
 
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