Brief: Orion To Provide MSD Global Exclusive Rights To Opevesostat

Orion Oyj

01/07/2024 13:19

July 1 (Reuters) - Orion Oyj  ORNBV.HE :
    * ORION AND MSD ANNOUNCE MUTUAL EXERCISE OF OPTION PROVIDING
MSD
GLOBAL EXCLUSIVE RIGHTS TO OPEVESOSTAT
    * ORION IS NOW ELIGIBLE TO RECEIVE DEVELOPMENT MILESTONE
PAYMENTS
UP TO USD 30 MILLION
    * ORION IS NOW ELIGIBLE TO RECEIVE REGULATORY MILESTONE
PAYMENTS
UP TO USD 625 MILLION
    * IS NOW ELIGIBLE TO RECEIVE SALES-BASED MILESTONE PAYMENTS
UP TO
USD 975 MILLION
    * ELIGIBLE TO RECEIVE ANNUALLY TIERED ROYALTY PAYMENTS ON
NET
SALES FOR ANY COMMERCIALISED LICENSED PRODUCT
    * EXPECTED TO BECOME EFFECTIVE IN Q3 OF 2024

Source text for Eikon:  ID:nGNE6jfJL 
Further company coverage:  ORNBV.HE 

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