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Biotech / Medical : Neurogen (NRGN)

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To: tuck who wrote (413)5/31/2005 1:32:04 PM
From: rkrw  Read Replies (2) of 523
 
Comparison NRGN to RNVS deal. Fairly comparable.

Upfront nrgn $30M (even split cash/equity); rnvs $10M
Funding: nrgn $12M over 2 years; rnvs $7M over 2 years
Option to extend: nrgn 3 years; rnvs: 2 years
Potential milestones: nrgn $118M for single indication; rnvs: $170M per product

For both deals bio and pharma combine their VR1 efforts. Both deals big pharma fully funds.

And rnvs is down almost $4 bucks, go figure.
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