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Satellos Bioscience Inc ICOTF


Primary Symbol: T.MSCL Alternate Symbol(s):  MSCLF

Satellos Bioscience Inc. is a Canada-based biotechnology company. The Company is engaged in developing new small molecule therapeutic approaches to improve the treatment of muscle diseases and disorders. The Company is focused on the research in muscle stem cell polarity into a proprietary discovery platform, called MyoReGenX, to identify degenerative muscle diseases where deficits in this process affect muscle regeneration and are amenable to therapeutic intervention. With this platform, the Company is building a pipeline of therapeutics to correct muscle stem cell polarity and promote the body’s innate muscle repair and regeneration process. The Company’s lead program is an oral, small molecule drug candidate in development as a potential disease-modifying treatment for Duchenne muscular dystrophy. It has wholly owned subsidiaries in Australia (Satellos Bioscience Australia Pty Ltd), in Canada (Amphotericin B Technologies, Inc.) and in Delaware, USA (Satellos Bioscience US, Inc.).


TSX:MSCL - Post by User

Post by trumpmasteron Mar 23, 2021 4:32pm
178 Views
Post# 32860228

Milestone payment

Milestone payment
 Nobody seems to be talking about the Milestone payment, did we just give away the farm? there has to be more details coming shortly. maybe a divi payment with the milestone money?? Heres hoping!  The obligations assumed by Alexion under the iCo sub-license with Immune include milestone payments of up to $32M USD and royalties on sales of Bertilimumab, also known as iCo-008, an antibody targeting eotaxin-1. Upon closing the purchase transaction Alexion has rights to develop and commercialize iCo-008 for non-ophthalmic indications worldwide, pursuant to the terms of the sublicense, while iCo continues to retain worldwide ophthalmic use indications and is in the planning stages for an additional Phase 2 clinical trial. As contemplated by the Sublicense, iCo intends to provide a notice to confirm its consent to the transaction.
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