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Biotech / Medical : Apricus Biosciences

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To: Mirror Image who wrote (1523)	10/2/2015 2:37:54 AM
From: phoenix_rising	of 2026

Strange they didn't put it that clearly in the PR that was sent out. "Under the terms of the agreement, Apricus will receive $2.25 million from Ferring in an upfront payment. Apricus is also eligible to receive up to $16 million in regulatory and sales milestone payments, in addition to royalties based on Ferring's net sales of the product in the Territory. In exchange, Ferring will have the exclusive right to commercialize Vitaros in the Territory, which covers Latin America, including certain Caribbean countries. Ferring will be responsible for obtaining all necessary regulatory approvals."

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