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BRIEF-Prospect Park Capital says will not receive milestone payment held onto upon sale of interest in IOI
March 29, 2017 / 4:49 PM / in 4 months

BRIEF-Prospect Park Capital says will not receive milestone payment held onto upon sale of interest in IOI

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March 29 (Reuters) - Prospect Park Capital Corp

* Says advised by Serenity Pharmaceuticals co will not receive milestone payment which it held onto upon sale of interest in IOI

* Says prospect park's final return on its investment in IOI remains at 8%.

* Will not receive payment in light of Allergan exercising unilateral right to terminate license, transfer, development agreement with Serenity Source text for Eikon: Further company coverage:

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