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Bullboard - Stock Discussion Forum Replicel Life Sciences Inc V.RP

Alternate Symbol(s):  REPCF

RepliCel Life Sciences Inc. is a Canada-based regenerative medicine company. The Company is focused on developing cell therapies for aesthetic and orthopedic conditions, including aging/sun-damaged skin, pattern baldness, and chronic tendon degeneration. The Company’s cell therapy product pipeline is comprised of RCT-01 for tendon repair, RCS-01 for skin rejuvenation, and RCH-01 for hair... see more

TSXV:RP - Post Discussion

Replicel Life Sciences Inc > Yofoto Deal re-visited
View:
Post by Ingiboy on Mar 22, 2022 2:13pm

Yofoto Deal re-visited

Let's take a quick look at the original Yofoto deal:

From their website Jan. 25th 2021
"In October 2018, YOFOTO invested CDN $5,090,000 in RepliCel by purchasing 5,357,000 common shares at CDN $0.95 per Share along with 1,071,580 share purchase warrants which have now expired. That deal also includes pre-commercial milestone payments of up to CDN $4,750,000, sales royalties, and a commitment by YOFOTO to spend a minimum of CDN $7,000,000 in five years (2018-2022) on the RepliCel programs and associated cell processing manufacturing facility in Greater China."
According to this Yofoto is obligated by this Contract to spend a minimum of $7,000,000 between 2018 - 2022.  I wonder if they have met this obligation?  They have up to the end of this year to spend this money.
Comment by Ingiboy on Mar 22, 2022 3:17pm
As a follow up to this YOFOTO has met it's obligation to build the cell processing manufacturing facility. So far nothing else has been spent on "Replicel programs".
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