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Monday, March 30, 2020 7:35:43 AM
Get ready for a biggggggggggggggggg move here.
Now super cheap at $0.01
You saw $AYTUZ move to $0.18 on $AYTU.
Time for $PSTVZ to roll as well............ pretty hard
GO $PSTVZ
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Plus Therapeutics Licenses Cancer Drug Product Candidates From NanoTx
7:25 AM ET 3/30/20 | Dow Jones
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3:58 PM ET 3/27/20
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By Chris Wack
Plus Therapeutics Inc. said Monday it agreed to license multiple rare cancer drug product candidates from private Texas-based radiotherapeutic company NanoTx Therapeutics Inc.
The pharmaceutical company said transaction terms include an upfront payment of $400,000 in cash to NanoTx and $300,000 in Plus voting stock.
Plus may pay up to $136.5 million in development and sales milestone payments and a tiered single-digit royalty on U.S. and European sales. The transaction is expected to close in the second quarter of 2020.
Plus said the licensed drug portfolio is anchored around nanoliposome-encapsulated radionuclides for several cancer targets. Plus is licensing multiple BMEDA-chelated rhenium nanoliposome product candidates as part of this transaction.
Plus Therapeutics shares were up 30% to $1.87 in premarket trading.
Write to Chris Wack at chris.wack@wsj.com
> Dow Jones Newswires
March 30, 2020 07:25 ET (11:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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