RedHill Biopharma Signs New $1.8 Million Plus Sales Royalties Middle East Deal For Talicia® [Yahoo! Finance]
Redhill Biopharma Ltd. - American Depositary Shares (RDHL)
US:NASDAQ Investor Relations:
ir.redhillbio.com/investor-relations
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Source: Yahoo! Finance
Under the terms of the agreement RedHill will receive in guaranteed payments, including a upfront payment and 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 and is first-line treatment listed in the American College of Gastroenterology (ACG) Clinical Guidelines H. pylori, a bacterial infection affecting 50% of the world's adult population , and up to almost 80% in parts of the Middle East , is a WHO-designated Group 1 carcinogen and key risk factor for gastric cancer , which causes around 800,000 deaths globally Talicia is patent protected through 2042 and received eight years of U.S. market exclusivity under its Qualified Infectious Disease Produc
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News
- RedHill Biopharma Successfully Regains Compliance with Nasdaq Stockholders' Equity RequirementPR Newswire
- RedHill Announces $10.5 Million New York Supreme Court Judgment Win Now Final for EnforcementPR Newswire
- 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®PR Newswire