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BRIEF-Indivior says ‍durect, co sign $17.5 mln patent purchase deal
October 2, 2017 / 6:45 AM / 2 months ago

BRIEF-Indivior says ‍durect, co sign $17.5 mln patent purchase deal

Oct 2 (Reuters) - Indivior Plc:

* DURECT AND INDIVIOR PLC SIGN A $17.5 MILLION PATENT PURCHASE AGREEMENT​

* INDIVIOR HAS MADE AN UPFRONT NON-REFUNDABLE PAYMENT TO DURECT OF $12.5 MILLION​

* ‍UNDER TERMS OF AGREEMENT, POTENTIAL FOR ADDITIONAL $5 MILLION BASED ON REGULATORY MILESTONE, AS WELL AS QUARTERLY EARN-OUT PAYMENTS Source text for Eikon: Further company coverage:

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