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Immune Pharmaceuticals and Vector Therapeutics sign option agreement for worldwide Ceplene rights

Published 11/27/2018, 08:25 AM
Updated 11/27/2018, 08:25 AM
© Reuters.  Immune Pharmaceuticals and Vector Therapeutics sign option agreement for worldwide Ceplene rights
  • Immune Pharmaceuticals (OTCQB:IMNP) and Vector Therapeutics announces the execution of an agreement that gives Vector an option to acquire worldwide rights to Ceplene.
  • Under the option agreement, Vector has paid Immune $500,000 and has gained an exclusive option to acquire worldwide Ceplene rights for total additional fixed consideration of $14.5M.
  • At closing, Vector will also assume certain Ceplene-related liabilities from Immune, expected to total ~$3.5M. Under the option agreement, both Companies will coordinate various activities critical for the maintenance of Ceplene’s Market Authorization in Europe until closing of the transaction, anticipated in Q1 2019.
  • Now read: Aethlon Medical up 75% premarket on accelerated review status for Hemopurifier in cancer


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