RE:RE:RE:RE:RE:RE:RE:RE:PwC sees continuation of US$ 5 to 15 Billion Bio M&A Dealsbelieve you are wrong again: agree that oncy would become defunct but oncy's liabilities would be assumed by the corporation which acquired oncy's assets and liabilities. the agreement with AN is both an asset and a liability of oncy. asset in that it would receive various milestone payments as well as a double digit royalty on all sales within the exclusive territory (as provided in the agreement) and a liability in that the corporation acquiring oncy would not have any rights to sell pela or any pela combos within the exclusive territory.
Merger: A contractual and statutory process by which one corporation (the surviving corporation) acquires all of the assets and liabilities of another corporation (the merged corporation), causing the merged corporation to become defunct.