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Re: illmatix0711 post# 19086

Wednesday, 10/12/2016 8:52:38 AM

Wednesday, October 12, 2016 8:52:38 AM

Post# of 38634
Illmatix,

Read the SEC filing posted last evening which includes some additional contract detail not included in the PR.

http://ih.advfn.com/p.php?pid=nmona&article=72643101
Key items:
$3 million upfront
$11 miliion for cost recovery (presumed spread out as other ANDAs are approved)
IPCI will manufacture on cost plus basis. (Has fda approved manufacturing facility already)
IPCI and M will also split the profit.
The 3 ANDAs have present market sales around $2.5 billion

Amigo Mike