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Stock impact report

Vericel Initiates Collaboration with Innovative Cellular Therapeutics   

Vericel Corporation (VCEL) 
Last vericel corporation earnings: 2/25 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.vcel.com/investor-relations
Company Research Source: GlobeNewswire
CAMBRIDGE, Mass. and SHANGHAI, China, Jan. 02, 2018 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of expanded autologous cell therapies for the treatment of patients with serious diseases and conditions, today announced the initiation of its License Agreement with Innovative Cellular Therapeutics (ICT) following receipt of a $5.1 million upfront and warrant payment from ICT.  The transfer of funds was executed following review and approval by the State Administration of Foreign Exchange of the People's Republic of China.   Under the terms of the agreement, ICT will develop and distribute MACI®, Epicel®, ixmyelocel-T and Carticel® in Greater China, South Korea, Singapore, and other countries in the region.  The payment was comprised of an upfront license fee and $4.2 million for a warrant to purchase 818,424 shares of the Show less Read more
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