TheBateman schreef op 25 mei 2016 13:31:
To acquire Coretherapix, TiGenix agreed to pay Genetrix approximately €1.2 million ($1.3 million) in cash upfront, and approximately €5.5 million ($6 million) in new TiGenix shares. Genetrix may also receive up to €15 million ($16.4 million) in new TiGenix shares depending on the results of the ongoing clinical trial of Coretherapix.
Subject to future sales milestones, Genetrix may receive in addition up to €245 million ($267.5 million) plus certain percentages of the direct net sales of the first product, or certain percentages of any third party royalties and sales milestones for the first product. Sales milestones start when annual net sales reach €150 million (about $163.8 million) and the last one will be payable once annual net sales are above €750 million ($818.8 million). Genetrix will also receive a €25 million ($27.3 million) milestone payment per additional product reaching the market.