Brief: Richter signs deal with Mithra heading for Chinese market

Richter Gedeon Vegyeszeti Gyar Nyrt

04/12/2023 06:36

Dec 4 (Reuters) - Richter Gedeon Vegyeszeti Gyar Nyrt
 GDRB.BU  says in statement on Budapest bourse'S website:
    * RICHTER AND MITHRA SIGN AGREEMENT TO COMMERCIALIZE
ESTETROL
CONTAINING PRODUCTS IN CHINA 
    * UPON FINALIZATION OF LICENSE AGREEMENTS RICHTER WILL PAY
TO
MITHRA A DOWNPAYMENT OF EUR 4.5 MILLION
    * DEAL ALSO SEES EUR 1.2 MLN IN PAYMENTS FOR ACHIEVEMENT OF
REGULATORY MILESTONES AND EUR 8.5 MLN IN SALES RELATED
MILESTONES 
    * ALSO SEES LOW DOUBLE DIGIT SHARE OF CUMULATIVE NET SALES
ie.
ROYALTIES AFTER LAUNCH 

Source text for Eikon: [ID:https://bse.hu/newkibdata/128988401/RCH231204ER01E.pdf
]
Further company coverage:  GDRB.BU 

 (Reporting by Krisztina  Than)
 ((Krisztina.Than@thomsonreuters.com;))