January 3, 2018 / 12:38 PM / 7 months ago

BRIEF-Alligator Bioscience To Receive Milestone Payment From Janssen

Jan 3 (Reuters) - Alligator Bioscience Ab:

* ALLIGATOR BIOSCIENCE TO RECEIVE USD 6 MILLION MILESTONE PAYMENT FROM JANSSEN COUPLED TO THE DECISION TO INITIATE COMBINATION TRIAL WITH ADC-1013

* ELIGIBLE TO RECEIVE TIERED ROYALTIES ON WORLDWIDE NET SALES UPON SUCCESSFUL LAUNCH AND COMMERCIALIZATION

* ‍LICENSING AGREEMENT WITH JANSSEN BIOTECH ENCOMPASSES MILESTONE PAYMENTS UP TO A POTENTIAL OF USD 695 MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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