Brief: Vivesto, Elevar Sign Agreement Ending Apealea Partnership

Vivesto AB

23/11/2023 06:41

Nov 23 (Reuters) - Vivesto AB  VIVE.ST :
    * VIVESTO AND ELEVAR SIGN AGREEMENT ENDING APEALEA®
PARTNERSHIP
    * WILL INITIATE TRANSFER OF MARKET AUTHORIZATION HOLDING
BACK TO
CO, WHILE DISCUSSING POSSIBLE PARTNERSHIPS WITH OTHER COMPANIES
INTERESTED IN LICENSING APEALEA
    * WILL RECEIVE A LUMP SUM OF USD 500.000 FROM ELEVAR AS A
ONE-OFF
COMPENSATION TO COVER COSTS IN TRANSITION OF APEALEA
    * VIVESTO WILL RECEIVE A LUMP SUM OF USD 500.000 FROM ELEVAR
AS A
ONE-OFF COMPENSATION TO COVER COSTS IN TRANSITION OF APEALEA
    * ALL REMAINING APEALEA PRODUCT INVENTORY HAS BEEN
TRANSFERRED
FROM ELEVAR TO VIVESTO

Source text for Eikon:  ID:nMFN1FCW68 
Further company coverage:  VIVE.ST 

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