|From: TheNextGoogle (Rep: 522)||Date: 01/09/2017 16:13|
|Forum: Egalet - Msg #51||Thread #673897979 (Rec: 0) |
|Here's a New One - Didn't Wait at all to Dilute - "Egalet confirmed that the FDA has approved ARYMO ER (morphine sulfate) extended-release (:ER) tablets C-II for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. The FDA approval of ARYMO ER triggered $40 million in new funding to Egalet from the second tranche of the senior secured debt financing previously announced on August 31, 2016. In connection with the second tranche, the note purchasers will also receive a royalty right, representing a right to receive an aggregate 1.5% royalty payment on net sales of ARYMO ER, as further described in Egalet's current report on form 8-K filed on September 1, 2016.|
Kinda seems like "Off setting penalities" - seems like it weighs on the buy side
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End of Message - My Sig:
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