Beyond Air Enters Definitive Agreement To Sell Its NeuroNOS Stake To UNIVO Pharmaceutical Industries In Exchange For Equity And Milestone Payments
XAIR•Beyond Air agrees to sell NeuroNOS stake to UNIVO
Aug. 25 (Reuters) - Beyond Air Inc. (XAIR.O):
- Beyond Air enters definitive agreement to sell its NeuroNOS stake to UNIVO Pharmaceutical Industries in exchange for equity and milestone payments
- Beyond Air to receive 19.99% of UNIVO share capital upon closing
- Beyond Air eligible for up to $32.50 million in milestone payments
- Beyond Air to transfer IP to NeuroNOS for up to $6.50 million development milestones
- Beyond Air eligible for up to $26 million in commercial milestone payments
Source text: ID:nGNXty1JV
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