CHM 4.17% 1.2¢ chimeric therapeutics limited

Ann: 1st patient dosed in CHM 0201 Vactosertib trial, page-10

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,217 Posts.
    lightbulb Created with Sketch. 3896
    Regarding the license:

    "Upfront fees associated with the license agreement are not material and will be funded entirely from existing cash reserves. The agreement includes industry standard development milestones, patent costs, maintenance fees, and royalties on commercial net sales. Under the agreement, each party owns all of the rights, title and interest in results developed by them. Chimeric is entitled to use jointly developed results under the terms of the agreement."
    https://chimerictherapeutics.com/wp-content/uploads/2022/11/License-Agreement-with-CWRU-Supplementary-Announcement-24-Nov-2022.pdf

    The quoted statement "currently funded without financial support from Chimeric Therapeutics" refers however to the trial itself, rather than the license.
    Generally with these sort of trials you'd expect the company to supply at least the (NK) cells. In this case however, given that the recruitment started in September according to clinicaltrials.gov and therefore before the license agreement was officially finalized, there's a good chance that they (Selfridge/UH Seidman) also paid for the cells.

    Excellent outcome for us (whether we paid for the cells or not) as it saved us a few million dollar to conduct the trial.
 
watchlist Created with Sketch. Add CHM (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.001(4.17%)
Mkt cap ! $11.21M
Open High Low Value Volume
1.1¢ 1.2¢ 1.1¢ $2.657K 235.9K

Buyers (Bids)

No. Vol. Price($)
7 1428738 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 1161817 4
View Market Depth
Last trade - 11.54am 06/11/2024 (20 minute delay) ?
CHM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.