Brief: Orexo And Gaia Terminate Partnership For Deprexis

Orexo AB

02/12/2024 07:13

Dec 2 (Reuters) - Orexo AB  ORX.ST :
    * OREXO AND GAIA AGREE TO TERMINATE THE PARTNERSHIP FOR
DEPREXIS®
    * TERMINATION WILL RESULT IN AN IMPAIRMENT OF INTANGIBLE
ASSETS
IMPACTING INCOME STATEMENT AND EQUITY POSITION IN Q4 2024
    * VALUE OF DEPREXIS ON BALANCE SHEET AT END OF NOVEMBER IS
SEK 71
MILLION, OF WHICH SEK 63 MILLION IS RECORDED IN PARENT COMPANY'S
BALANCE SHEET
    * GROUP'S FINANCIAL OUTLOOK FOR 2024 IS UNCHANGED

Source text:  ID:nMFN59KPS8 
Further company coverage:  ORX.ST 

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