InvestorsHub Logo
Followers 14
Posts 396
Boards Moderated 0
Alias Born 12/18/2014

Re: king oil post# 2767

Friday, 11/09/2018 12:36:36 PM

Friday, November 09, 2018 12:36:36 PM

Post# of 2795
According to SEC filing, the new name for IV OCR-002 is "MNK-6105" and Oral OCR-002 is "MNK-6106"


As part of the acquisition of Ocera in December 2017, the Company provided contingent consideration to the prior shareholders of Ocera in the form of both patient enrollment clinical study milestones for MNK-6105 and MNK-6106 (previously referred to collectively as OCR-002), which represent the IV and Oral formulations, respectively, and sales-based milestones associated with MNK-6105 and MNK-6106. The Company determined the fair value of the contingent consideration based on an option pricing model to be $21.4 million and $22.0 million as of March 30, 2018 and December 29, 2017, respectively.
(Note: a copy of the filing can be found on SA).
https://seekingalpha.com/filing/4012613


They're going to start Phase 2a for MNK-6106 this November and estimated to be completed by 08/30/2019.
https://clinicaltrials.gov/ct2/show/NCT03712280?term=hepatic+encephalopathy+Mallinckrodt&recrs=abf&rank=1
And Phase 3 will be started after that, so I guess we won't receive any payment until late 2019.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.