Brief: Navamedic Says Co And Orion Corporation Sign Non-Binding Term Sheet For Flexilev In Europe

Orion Oyj

13/12/2023 17:53

Dec 13 (Reuters) - Navamedic ASA  NAVA.OL :
    * NAVAMEDIC AND ORION CORPORATION SIGN NON-BINDING TERM
SHEET FOR
FLEXILEV IN EUROPE
    * ORION AND NAVAMEDIC HAVE AGREED TO ENTER INTO A FINAL
AGREEMENT
BY END OF Q1 OF 2024
    * INTENDED LICENSING AGREEMENT WILL CONSIST OF A
NON-REFUNDABLE
UPFRONT PAYMENT OF 2MEUR TO NAVAMEDIC, UPON SIGNATURE OF
AGREEMENT
    * ADDITIONALLY, NAVAMEDIC IS ENTITLED TO MILESTONE PAYMENTS
OF UP
TO 3.5 MEUR UPON REIMBURSEMENT APPROVAL IN KEY COUNTRIES

Source text for Eikon:  ID:nWkrpndzg 
Further company coverage:  NAVA.OL 

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