RedHill Biopharma Signs New $1.8 Million Plus Sales Royalties Middle East Deal For Talicia®
Redhill Biopharma Ltd. - American Depositary Shares (RDHL)
US:NASDAQ Investor Relations:
ir.redhillbio.com/investor-relations
Company Research
Source: PR Newswire
The deal aims to accelerate Talicia's entry into new Middle East markets Under the terms of the agreement RedHill will receive $500,000 in guaranteed payments, including a $250,000 upfront payment and $250,000 in fixed payments due within 18 months, plus a minimum of $1.3 million in near-term potential milestone payments, as well as tiered royalties up to mid-teens percent on Talicia net sales Talicia is the only FDA-approved all-in-one, low-dose rifabutin-based therapy to address H. pylori antibiotic resistance. It is the #1 branded U.S. gastroenterologist-prescribed H. pylori therapy 1 and is first-line treatment listed in the American College of Gastroenterology (ACG) Clinical Guidelines 2 H.
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News
- RedHill Biopharma Successfully Regains Compliance with Nasdaq Stockholders' Equity RequirementPR Newswire
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- RedHill Biopharma Receives Nasdaq Staff Determination NotificationPR Newswire
- RedHill's Talicia® Secures $4 Million Strategic Investment and U.S. Co-Commercialization Partnership DealPR Newswire
- RedHill Biopharma Signs New $1.8 Million Plus Sales Royalties Middle East Deal For Talicia® [Yahoo! Finance]Yahoo! Finance