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Stock impact report

Redx to Get $5 Mln on Tumor Drug Milestone With US Regulator [MarketWatch]

Jazz Pharmaceuticals plc - Ordinary Shares (JAZZ) 
Last jazz pharmaceuticals plc - ordinary shares earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: jazzpharma.com
Company Research Source: MarketWatch
Food and Drug Administration, triggering a milestone payment of $5 million from Jazz Pharmaceuticals PLC. The London-listed drug discovery-and-development company said the payment stemmed from an agreement in which Jazz acquired Redx's pan-RAF inhibitor program. The company said the payment came on top of a previous $6.5 million payment already received, and that it remained entitled "To development, regulatory and commercial milestone payments as well as incremental tiered royalties in mid-single digit percentages, based on any future net sales." The company said JZP815 was an investigational preclinical stage pan-RAF kinase inhibitor. A kinase inhibitor refers to a substance which blocks a type of enzyme known as kinase, and are helpful in keeping cancer cells from growing. Shares at 0822 GMT were up 4.70 pence, or 7.7%, at 65.50 pence. Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com Show less Read more
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