January 3, 2018 / 6:10 AM / in 10 months

BRIEF-Addex and Indivior Sign Strategic Partnership

Jan 3 (Reuters) - ADDEX THERAPEUTICS LTD:

* REG-ADDEX AND INDIVIOR SIGN STRATEGIC PARTNERSHIP TO ACCELERATE DEVELOPMENT OF GABAB PAMS AS ADDICTION TREATMENTS

* UNDER TERMS OF AGREEMENT, ADDEX WILL RECEIVE $5 MILLION UPFRONT

* UNDER TERMS OF AGREEMENT WILL RECEIVE $4 MILLION OF COMMITTED RESEARCH FUNDING OVER NEXT TWO YEARS

* TO RECEIVE $330 MILLION OF POTENTIAL DEVELOPMENT

* WILL RECEIVE REGULATORY AND COMMERCIALIZATION MILESTONES AND TIERED ROYALTIES UP TO DOUBLE-DIGIT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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