how to steal a company Looks like the takeover of our drug by his private company and kicking back a few dollars to GAP back is not enough for Mr Bryden. He is shaking us out and want it all. What a piece of work that guy. I am SO disappointed and disgusted
The key elements of the Transaction are:
| 1) | PharmaGap will receive 50% of the first $100 million of sale or licensing revenues of the drug after recovery by CVC of its initial investment and equivalent priority, and 1/3 of sale or licensing revenues above $100 million, also net of the investment recovery and priority return by CVC; |
| 2) | CVC will assume all costs for final pre-clinical development, Clinical Trials, and protection of intellectual property for the lead cancer drug program; |
| 3) | A monthly cash payment will be made by CVC to PharmaGap to support development of PharmaGap pipeline products; |
| 4) | Accounts payable and related obligations of PharmaGap incurred in pre-clinical development are assumed by CVC. |