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Saskey

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Saskey

Re: None

Wednesday, 12/13/2017 10:29:00 AM

Wednesday, December 13, 2017 10:29:00 AM

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DURECT Announces NDA Acceptance of Indivior's RBP-7000 Risperidone Monthly Depot (PR Newswire)

Excerpt: In consideration for such assignment, Indivior has made an upfront non-refundable payment to DURECT of $12.5 million, and has also agreed to make an additional $5 million payment to DURECT contingent upon NDA approval of RBP-7000, as well as quarterly earn-out payments that are based on a single digit percentage of U.S. net sales for certain products covered by the assigned patent rights, including RBP-7000. The patent rights include granted patents extending through at least 2026.

I read tea leaves. Keeping my teacup full.

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