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BRIEF-Alliance Pharma updates on settlement agreement with Sinclair Pharma
March 21, 2017 / 7:33 AM / 7 months ago

BRIEF-Alliance Pharma updates on settlement agreement with Sinclair Pharma

March 21 (Reuters) - Alliance Pharma Plc

* Settlement agreement with sinclair pharma plc

* Reached agreement with Sinclair Pharma for compensation in connection with material reduction of business in Kelo-Stretch™

* Terms are: £4 million in cash to be paid to Coby Sinclair on or before 30 April; £1 million to be paid to co by sinclair on or before 30 June 2018

* Sinclair relinquishes any and all rights to Flammacerium™ (US) with immediate effect and transfers them to company

* Cash element of compensation will be used by company to reduce its current bank loans. Source text for Eikon: Further company coverage:

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