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moneycents

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moneycents

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Sunday, 08/30/2015 3:00:04 PM

Sunday, August 30, 2015 3:00:04 PM

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I contacted Lundbeck (who bought CHTP) to see what metrics would trigger a CVR payout. They wrote back and said that the 50 cent per share payout would occur if Northera reached 100M USD in sales in 2015, 200M in 2016 and 300 M in 2017 respectively. Sales numbers would be for each year ending December 31, and it would be in February when it would be determined if milestones were met.
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