GREY:ICOTF - Post by User
Post by
trumpmasteron Mar 23, 2021 4:32pm
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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.