SPL 1.02% 9.7¢ starpharma holdings limited

Ann: VivaGel BV launched in Asia, page-11

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  1. 212 Posts.
    lightbulb Created with Sketch. 60
    Sensitive most likely because it reaches a milestone payment. Below is from the 03/05/2018 announcement.

    "Mundipharma will register and launch VivaGel® BV as part of the popular BETADINE® range,
    which is sold in more than 120 countries. BETADINE® has a market leading position in
    Feminine Care and this licence enables Mundipharma to develop the consumer market for
    VivaGel® BV in rapidly developing markets across Asia, the Middle East, Africa and Latin
    America, where demand for trusted intimate health and hygiene products is growing.
    Under the licence, Starpharma will receive returns via a revenue share on VivaGel® BV
    sales. In addition, Starpharma is eligible to receive signing, regulatory and commercial
    milestones totaling up to A$12.2 million (US$9.2 million) including a A$1.3 million
    (US$1 million) upfront payment.
    The term of the agreement is 15 years and incorporates
    commercial performance obligations, including minimum annual purchases by
    Mundipharma. Other commercial terms of the agreement remain confidential"
 
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