November 10, 2016 / 8:11 AM / 3 years ago

BRIEF-Abcam speeds up performance milestones for product technology development

Nov 10 (Reuters) - Abcam Plc

* Further to acquisition of Axiomx, agreed to accelerate certain performance milestones associated with development of product technology

* Will pay a total of $10.3m, of which $6.2m will be satisfied in cash from company’s existing cash reserves and $4.1m by issue of new shares

* By accelerating milestone payments abcam will make a total saving of $4.5m from maximum amounts payable under these milestones Source text for Eikon: Further company coverage:

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