Show me the money17 Oct 2018 16:50
The pre-clinical milestone for NXP001 has been achieved, triggering a payment of an initial £500,000 to the Company.
In line with the agreement with NSB for NXP001, the demonstration of human bioequivalence to the reference product will trigger a further £2 million payment from NSB, which under the agreement has exclusive rights to NXP001 for marketing and distribution in China. Nuformix is in discussions with multiple parties regarding the marketing of the Rest of World rights for NXP001. Sure we can afford to hire a broker :-)