- BELLUS now owns 100% of BLU-5937 and related P2X3 antagonist intellectual property with no future payments due -
- 4.77 million
As part of the Transaction, the Company acquired from adMare all of the remaining BLU-5937 and related P2X3 antagonists intellectual property assets (the “BLU-5937 Assets”). The parties have terminated the 2017 license agreement pursuant to which the Company had exclusive rights to develop and commercialize the BLU-5937 Assets and henceforth the Company no longer has any obligations to adMare, or any third party, in respect thereof. Consideration for the asset purchase consisted of 4,770,000 common shares of the Company, representing 7.3% of the Company’s fully diluted equity.
In order to qualify and register the issuance of the common shares to the parties, the Company filed a prospectus supplement (the “Prospectus Supplement”) to its base shelf prospectus dated
No regulatory authority has either approved or disapproved the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release may constitute “forward-looking statements” within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. Consequently, actual future results and events may differ materially from the anticipated events expressed in the forward-looking statements. Forward-looking statements should not be regarded as a representation that any of the plans will be achieved.
Vice President, Finance
Director, Investor Relations and Communications