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Clutch29

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Clutch29

Re: Clutch29 post# 1945

Friday, 03/27/2020 5:20:04 PM

Friday, March 27, 2020 5:20:04 PM

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During the year ended December 31, 2019 the Company recognized revenue of $4,368,000 as consideration in exchange for conveyance of intellectual property rights at the signing of the agreement, $1,838,000 for research and development activities related to its influenza A/B program and $358,000 for program expense reimbursements.

 

The company recognized revenue for the year ended December 31, 2019 and 2018 were $6,564,000 and $0, respectively. As of December 31, 2019, accounts receivable of $644,000 was due from Merck

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