SCYNEXIS (SCYX): In connection with the Asset Purchase ag...

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Re: swampboots post# 147

Wednesday, 07/13/2016 9:58:56 AM

Wednesday, July 13, 2016 9:58:56 AM

In connection with the Asset Purchase agreement, SCYNEXIS is eligible to receive milestone payments upon the successful progression of Cypralis clinical candidates into later stage clinical studies and royalties payable upon product commercialization. SCYNEXIS retains the right to repurchase the portfolio assets from Cypralis if abandoned or deprioritized.

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