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Ann: CDY Engages Advisers to Facilitate Divestment from Lyramid, page-10

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Biotechasx

172 Posts.

52

10/09/20

13:08

Post #: 47238478
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Originally posted by makka: ↑

“The two agreements are independent from each other and have similar terms including no exclusivity. Under the agreements the only fee payable by Cellmid to either of the consultants will be a success fee on completion of the sale or partnering of the midkine asset portfolio. The reason for signing two agreements is to fully exploit both partnering and divestment options efficiently. “

No consulting fee to be paid unless a deal is complete. Selling this asset or partnering now is a good thing imo as I can’t see cdy developing this further from here on as it would require substantial amount of funds
and time.

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Funny, I thought they just had a successful CR... oh, wait, that $6M will be chewed up by the CEO's salary, bonus, etc...

CDY Price at posting: 9.5¢ Sentiment: None Disclosure: Held
10 Upvote

0 Great analysis

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