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Posted On: 11/27/2019 2:38:05 PM
Post# of 72440
Sox it wasn't exactly 150mm upfront.
"The financing includes a $70 million equity raise and an $80 million royalty financing payable from future sales. Per the terms of the royalty purchase agreement, Clarus will receive single-digit future commercial royalties from the sales of GC4419 and a related pipeline asset until the total royalty amount achieves an undisclosed multiple of the initial $80 million, upon which the royalty terminates."
Galera also pays all Developmental costs. Leo is looking for a nice upfront payment and someone to pay development costs like AS is.
"The financing includes a $70 million equity raise and an $80 million royalty financing payable from future sales. Per the terms of the royalty purchase agreement, Clarus will receive single-digit future commercial royalties from the sales of GC4419 and a related pipeline asset until the total royalty amount achieves an undisclosed multiple of the initial $80 million, upon which the royalty terminates."
Galera also pays all Developmental costs. Leo is looking for a nice upfront payment and someone to pay development costs like AS is.
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Leo Took The Money and Ran
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