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PStockPickz

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PStockPickz

Re: None

Tuesday, 10/04/2016 8:37:18 AM

Tuesday, October 04, 2016 8:37:18 AM

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"Under the terms of the agreement, Summit will receive an upfront payment of $40M, up to $522M in milestones and escalating low-to-high-teens royalties on net sales. Sarepta and Summit will share utrophin modulator-related R&D costs on a 45%/55% basis starting in 2018. If Sarepta exercises its option on Latin America, Summit will be eligible for additional fees, milestones and royalties."


http://seekingalpha.com/news/3212206-sarepta-inks-deal-summit-therapeutics-duchenne-pipeline-candidates-summit-49-percent
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