Opiant receives another $3.75M from Narcan royalty deal [Seeking Alpha]
Opiant Pharmaceuticals, Inc. (OPNT)
Last opiant pharmaceuticals, inc. earnings: 3/4 04:05 pm
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US:NASDAQ Investor Relations:
ir.opiant.com/investor-overview
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Source: Seeking Alpha
Opiant Pharmaceuticals ( OTCQB:LLTPD ) has received an additional $3.75M from an affiliate of SWK Holdings as stipulated in its NARCAN Nasal Spray royalty monetization deal inked in December 2016 when it received an initial payment of $13.7M. The $3.75M was triggered by the achievement of at least $25M in sales during two consecutive quarters in H1 2017. After SWK receives $26.25M in royalties and milestones, Opiant will receive at least 90% of future NARCAN royalties and milestones. NARCAN is the only FDA-approved naloxone nasal spray for the emergency treatment of opioid overdose. Now read: Teck Resources Limited 2017 Q2 - Results - Earnings Call Slides »
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