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BRIEF-Conatus announces effectiveness of exclusive license with Novartis
July 6, 2017 / 8:23 PM / 3 months ago

BRIEF-Conatus announces effectiveness of exclusive license with Novartis

July 6 (Reuters) - Conatus Pharmaceuticals Inc-

* Conatus Pharmaceuticals - exclusive license with Novartis for global development and commercialization of emricasan has become effective under terms

* Conatus Pharmaceuticals - projecting a balance of cash, cash equivalents and marketable securities of between $55 million and $65 million at year-end 2017

* Conatus Pharmaceuticals Inc - license became effective on July 5, 2017, upon conatus’ receipt of a $7 million payment

* Conatus Pharmaceuticals - believes current financial resources sufficient to maintain operations & ongoing clinical development activities through 2019 end Source text for Eikon: Further company coverage:

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