Member Info for Teacup64

Exclusivity Agreement, Boom and buys flooding in!....How come we are top of the leader board by per cent after that news, but not on the leaderboard?

Reneuron confirms an exclusivity deal with a third party, where we receive $2.5m now, and a further $2.5m later. A full and complete contract is expected very soon after today!

ReNeuron Group plc (AIM: RENE), a UK-based global leader in the development of cell-based therapeutics, is pleased to announce that it has signed an exclusivity agreement with a US-based specialty pharmaceutical company in connection with the potential out-licensing of ReNeuron's hRPC retinal stem cell technology and therapeutic programmes. In exchange for granting a three-month exclusivity period, ReNeuron will receive a non-refundable $2.5 million cash payment from the US-based company. A further $2.5 million is payable to ReNeuron subject to the completion of certain due diligence activities during the exclusivity period. These cash payments will contribute to the Company's ongoing working capital requirements. ReNeuron aims to sign a definitive out-licensing agreement with the US-based company later this year. The agreement is envisaged to comprise a worldwide licence, excluding China, with success-based development milestone payments and royalty payments on eventual in-market sales. ReNeuron believes the potential US partner has the financial capacity as well as the clinical and commercial competencies necessary to accelerate and maximise the value of the Company's hRPC technology. ReNeuron is also pleased to report that it is in active commercial discussions with other third parties relating to its other platform technologies and therapeutic programmes with a view to signing collaboration and/or out-licensing deals in due course. Commenting on the agreement, Olav Hellebø, Chief Executive Officer of ReNeuron, said: "ReNeuron has been actively engaged in discussions with various parties during the past few months regarding the potential partnering of our hRPC retinal stem cell technology and programmes. We are very pleased to be entering a period of further discussion and due diligence on an exclusive basis with one of these parties and hope to announce an agreement later this year. In addition to this, we are in detailed discussions with a number of companies in connection with our other programmes. "It is highly encouraging that our technologies and therapeutic programmes are attracting increasing interest from commercial third parties, reflecting the positive progress these programmes are making through pre-clinical and clinical development and their potential to address major unmet medical needs."

But dealt in a different system so not visible in some cases.

Nicely now. Onwards and Upwards

BOOM.....wait until they all start to catch on! Stratosphere inbound!

James: I meant Tesco prices....I paid Lidl prices for my shares a while back ;)

My preditictive text is on holiday for a week.....lucky for some eh!

Maybe you were trying to say: 1step back, 2 steps forward.....easy mistake, but never mind.

1yr ago it was at 0.47....according to my yearly chart.

...I think he's referring to the waltz?

....soon to be Rios bonanza!

You watch the fannying about when RIO gets blazing! ;)

I wouldn't know, I paid Aldi price for my shares.

....dam, should have said asda price!

Pay Tesco prices now or M&S prices tomorrow

Pay Tesco prices now, ot you'll be paying M&S prices tomorrow....do the math!

Like vintage wine, CERPs price will also increase as it matures.

Not me though....I purchase the upper class food from the discount shelf when noones looking

Some people just prefer to pay more? .....Not too dissimilar to when Tesco offers the lower, middle and upper class deals.....most go for the middle class so as to not look a cheap ass.