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0 0.0175953079178886 0.0175953079178886 0.0674486803519062 -0.0175953079178886 -0.0263929618768328 -0.032258064516129 -0.0264222873900293
Stock impact report

Omeros Corporation Announces Additional Royalty Monetization with DRI Healthcare Trust [Yahoo! Finance]

Omeros Corporation (OMER) 
Last omeros corporation earnings: 3/2 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.omeros.com
Company Research Source: Yahoo! Finance
SEATTLE, February 01, 2024 BUSINESS WIRE )--Omeros Corporation (Nasdaq: OMER) today announced the sale to DRI Healthcare Acquisitions LP ("DRI"), a wholly owned subsidiary of DRI Healthcare Trust, of an expanded interest in certain royalty payments based on net sales of OMIDRIA in the United States. OMIDRIA, a novel ophthalmic product for use in cataract and lens replacement surgery, was invented and first commercialized by Omeros. In December 2021, Omeros sold OMIDRIA and related business assets to Rayner Surgical Inc. ("Rayner"). Under the terms of that asset purchase agreement, Omeros is entitled to receive royalties on net sales of OMIDRIA. On September 30, 2022, Omeros and DRI entered into a royalty purchase agreement under which Omeros received $125 million in cash in exchange for a portion, subject to annual caps, of Omeros' royalties on global net sales of OMIDRIA payable by Rayner between September 1, 2022 and December 31, 2030. Today Omeros and DRI expanded their royalt Show less Read more
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