isn't this 11.5 million a big deal how come no one mentioned this at all?
As previously disclosed by Insmed Incorporated (the "Company") in its Annual Report on Form 10-K for the year ended December 31, 2012 (the "Annual Report), the Company entered into an agreement with Premacure AB, now Shire plc, ("Premacure") in May 2012 pursuant to which the Company granted Premacure an exclusive, worldwide license to develop, manufacture and commercialize IGF-1, with its natural binding protein, IGFBP-3, for the prevention and treatment of complications of preterm birth (the "Premacure License Agreement"). As further disclosed in the Annual Report, in March 2013, the Company amended the Premacure License Agreement to provide Premacure with an option to obtain all of the Company's right to receive revenues from the commercialization of IGF-1 under the Premacure License Agreement in exchange for a cash payment to the Company of $11.5 million (the "Buyout Amount").
Premacure exercised this option on April 29, 2013. Premacure is obligated to pay the Buyout Amount to the Company in full within ten days after the date of exercise. As a result of option exercise, the Company will not be entitled to any future royalties from Premacure, and Premacure will assume the Company's royalty obligations to other parties
I am new here but this is just one indication sold and it looks like IPLEX tm can you for many treatments. ROP looked to be small population therefore small money. Now IPLEX tm will be out there and ready for other partners. Great for the cash flow too. pacific medical concept sucks
there are no odder indications for Ipex no one testin or investin. ROP a dope da only one.
So I see yous birthday was da other days but I thinks yous burth certificate da same as da other 70 posts pushing ipex.specially today! cus Will nos da arikace be many things but dhey still have no cure for yousstupid