Acer Therapeutics Regained the Development and Commercialization Rights for Olpruva from Relief Therapeutics for Areas Excluding Geographical Europe
- Post termination, Relief will receive an up front payment of $10M and an additional $1.5M. Moreover, Acer will pay Relief a 10% royalty on net sales of Olpruva in the Acer regions (US, Canada, Brazil, Turkey & Japan) & 20% of any value it receives from specified third parties in connection with Olpruva licensing or divestment rights
- Acer & Relief have signed an Exclusive License Agreement under which Relief will retain the development & commercialization rights for Olpruva across Geographical Europe for which Acer will receive a 10% royalty on net sales
- Earlier, Acer owed Relief 60% of the net sales of Olpruva in the Acer regions while receiving a 15% royalty on Relief's net sales in the rest of the world
Ref: GlobeNewswire | Image: Acer
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