Statera Signs a License Agreement with Immune for Naltrexone and Met-Enkephalin to Treat Immune-Related Diseases
Shots:
- Statera to receive an initial $2M up front, 5% of the issued & outstanding Immune's stock along with an additional fee upon achievement of revenue-based milestones, new indications & royalties & other payments from Immune in return for Statera's rights to any product containing low-dose naltrexone
- The agreement will strengthen Statera’s financial position with the potential to produce significant non-dilutive cash flow to fund other programs & helps to advance new product for immune-related diseases
- The transaction will produce ~$400M in non-dilutive payments to Statera. Additonally, Statera’s naltrexone assets can boost the ability to fight against chronic, life‐threatening diseases
Ref: Globenewswire | Image: Statera
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