Last checked at 18 Jul 2019 10:24
Hardman & Co Research Hardman & Co Research: RedX Pharma (REDX): Pan-RAF agreement strengthens balance sheet 18-Jul-2019 / 10:23 GMT/BST Hardman & Co Research: Pan-RAF agreement strengthens balance sheet REDX is a clinical-stage R&D company focused on drugs targeting oncology and fibrotic disease. 2018 was a year that reset the benchmarks - new management team, restructured organisation focused on two therapeutic areas, and a clean balance sheet. A core focus for 2019 has been to strengthen the balance sheet. REDX has entered into a definitive agreement with Jazz Pharmaceuticals (JAZZ) for the sale of its pan-RAF inhibitor programme. Under the terms of the contract, REDX will receive an upfront payment of $3.5m (£2.84m) and is eligible to receive up to $203m (£162m) in milestone payments. Please click here for the full report: https://www.hardmanandco.com/research/corporate-research/pan-raf-agreement-strengthens-balance-sheet/
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corporate announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.