Titan Pharmaceuticals Inc (TTNP): There is no cap on royalty payments. Th...

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Titan Pharmaceuticals Inc (TTNP)

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Re: Atlanta1 post# 9522

Monday, 06/13/2016 9:06:38 AM

Monday, June 13, 2016 9:06:38 AM

There is no cap on royalty payments. The amount of milestone payments (in addition to royalties upon achieving sales targets) is $165 million. There are also $35 million in regulatory milestones payable upon submitting NDA's and NDA approval for other indications (e.g., chronic pain).

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