OTCQX:MRVFF - Post by User
Post by
werewolf10on Jul 22, 2009 7:36am
342 Views
Post# 16156041
RE: Food for thought
RE: Food for thoughtmasamasa,
I think this is what you are looking for..
Under the terms of the agreement with Covidien, Nuvo will receive an up-front payment of US$10 million, and is eligible to receive a US$15 million milestone payment on Pennsaid's approval by the FDA, which will increase to US$20 million if certain labeling criteria are agreed to by the FDA.
When I read this I was trying to figure out what "certain labeling criteria" might mean.
Here's what I came up with
-The current labeling is to close to another brands existing products and might need to be changed
-They may have issues with the english/french labeling that is required in Canada and not in the states
-They could be arguing on the actual brand name......Coviden may want there name front and center on the label (this is my first choice for the guesses)
Really hoping for another up tick day today.
Wolf