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Bioarctic Says Novartis Terminates Option, Collaboration And License Agreement With Bioarctic

By Reuters News

Nov 2 (Reuters) - BioArctic AB (publ) BIOAb.ST:

  • BIOARCTIC AB (PUBL) - NOVARTIS TERMINATES OPTION, COLLABORATION AND LICENSE AGREEMENT WITH BIOARCTIC

  • BIOARCTIC AB (PUBL) - TO RETAIN $30 MILLION UPFRONT PAYMENT AND RECOGNIZE REMAINING REVENUE IN 2026

  • BIOARCTIC AB (PUBL) - TERMINATION IS RESULT OF A NOVARTIS DECISION TO DISCONTINUE PROGRAM, UNRELATED TO BIOARCTIC'S BRAINTRANSPORTER TECHNOLOGY

Further company coverage: [BIOAb.ST]

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