Brief: Veru Sells Entadfi Business For $20 Million Plus Up To An Additional $80 Million From Sales Milestones

Onconetix

20/04/2023 12:41

April 20 (Reuters) - Blue Water Vaccines Inc  BWV.O :
    * VERU SELLS ENTADFI® BUSINESS FOR $20 MILLION PLUS UP TO AN
ADDITIONAL $80 MILLION FROM SALES MILESTONES
    * VERU INC - UNDER TERMS OF AGREEMENT, VERU RECEIVED $6
MILLION AT
CLOSING
    * VERU - BLUE WATER IS OBLIGATED TO PAY  ADDITIONAL $4
MILLION IN
CO'S FY 2023, AND AN ADDITIONAL $10 MILLION IN INSTALLMENTS IN
COMPANY'S FISCAL YEAR 2024

Source text for Eikon:  ID:nGNX1sZD2p 
Further company coverage:  BWV.O 

 ((Reuters.Briefs@thomsonreuters.com;;))