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midastouch017

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midastouch017

Re: midastouch017 post# 29

Monday, 06/12/2017 8:21:59 AM

Monday, June 12, 2017 8:21:59 AM

Post# of 192
Kamada receives additional milestone payment under GLASSIA

Jun. 12, 2017 8:17 AM ET|About: Kamada Ltd (KMDA)|By: Mamta Mayani, SA News Editor
Kamada Ltd. (NASDAQ:KMDA) announces the receipt of an undisclosed additional milestone payment under the supply and distribution agreement with Shire plc for GLASSIA, Kamada’s intravenous alpha-1 antitrypsin.

Kamada will record the milestone payment from Shire as deferred revenue and will recognize it through the end of 2018. Under the current agreement, Kamada’s minimum revenue for GLASSIA for the years 2017 to 2020 will reach ~$237M expandable up to $288M.
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