lilly to acquire global license to axiron, page-3

  1. 366 Posts.
    Andreas it is from here: http://www.prnewswire.com/news-releases/lilly-to-acquire-global-license-to-axiron-testosterone-solution-from-acrux-87688197.html

    So the terms (subject to ACR's confirmation) are:

    -$50 million down payment
    -$3 million on the transfer of manufacturing assets

    Further eligible for
    -$87 million upon the issuance of marketing authorization by the FDA
    -up to $195 million in potential commercialization milestones
    -royalty payments on future global sales if AXIRON is successfully commercialized

    So a US$335m+ deal. Representing over $2/share!
 
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