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.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.