VYNE Therapeutics Inc (VYNE)

[Big bucks]

back to a $1 40% gain coming read thi s plus thye have 70 million cash on hand....wowers no debt


Pursuant to the terms of the definitive asset purchase agreement (the "Agreement"), which closed simultaneously with signing, Journey will pay VYNE an upfront payment of $20.0 million and will pay an additional $5.0 million on the one (1)-year anniversary of the closing. VYNE is also eligible to receive sales milestone payments of up to $450.0 million in the aggregate upon the achievement of specified levels of net sales of the products covered by the Agreement. In addition, VYNE is entitled to receive certain payments from any licensing or sublicensing of the assets by Journey outside of the United States.