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BRIEF-Celyad announces new agreements with Celdara medical and Dartmouth College
August 4, 2017 / 5:22 AM / 4 months ago

BRIEF-Celyad announces new agreements with Celdara medical and Dartmouth College

Aug 4 (Reuters) - CELYAD SA:

* CELYAD ANNOUNCES NEW AGREEMENTS WITH CELDARA MEDICAL AND DARTMOUTH COLLEGE

* ‍ONGOING CLINICAL TRIAL DEVELOPMENT BOOSTS CELYAD‘S CONFIDENCE IN FUTURE OF ITS ONCOLOGY ASSETS​

* ‍CELYAD TO RECEIVE AN INCREASED SHARE OF FUTURE REVENUES IN EXCHANGE FOR $25M WORTH OF CASH AND CELYAD SHARES​

* ‍CELYAD HAS AMENDED ITS EXISTING AGREEMENTS WITH CELDARA MEDICAL, LLC AND DARTMOUTH COLLEGE​

* ‍UNDER AMENDED AGREEMENTS CELYAD WILL RECEIVE AN INCREASED SHARE OF FUTURE REVENUES GENERATED BY THESE ASSETS, INCLUDING REVENUES FROM ITS SUBLICENSEES​

* ‍IN RETURN, CELYAD WILL PAY CELDARA MEDICAL LLC AND DARTMOUTH COLLEGE AN UPFRONT PAYMENT OF $12.5 MILLION (EUR 10.6 MILLION) AND $12.5 MILLION WORTH OF CELYAD SHARES​

* ‍SHARES WILL BE PRICED AT EUR 32.35​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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