CO.DON AG: CO.DON AG signs term sheet with Haemo Pharma GmbH for the distribution of Spherox in Austria

CO.DON AG / Key word(s): Market launch

CO.DON AG: CO.DON AG signs term sheet with Haemo Pharma GmbH for the distribution of Spherox in Austria

12-Jun-2018 / 18:02 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

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CO.DON AG (ISIN: DE DE000A1K0227)

CO.DON AG signs term sheet with Haemo Pharma GmbH for the distribution of Spherox in Austria

Berlin / Teltow, 12 June 2018 – CO.DON AG is in final stage negotiations with Haemo Pharma GmbH concerning the exclusive distribution in Austria of Spherox, a cell-based pharmaceutical for which central EU marketing authorisation has been granted. The parties signed a term sheet today governing the key elements of their potential collaboration and of a distribution agreement, which now has to be refined in detail. By signing the distribution agreement, with an initial term of 5 years, CO.DON AG would generate at least a guaranteed cash inflow in the first two years of (all in all) approximately 17% of the revenue in the financial year 2017 (revenue in 2017: kEUR 5,964). From 2020, cash inflow will depend on the development of the state reimbursement situation. The distribution agreement is subject to the approval of the Supervisory Board of CO.DON AG.

Notifier:
Matthias Meißner, M.A.
Director Investor Relations / Public Relations
Tel. +49 (0)30 240352330
Fax +49 (0)30 240352309
Email: ir@codon.de

 

 


12-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: CO.DON AG
Warthestraße 21
14513 Teltow
Germany
Phone: 03328 43460
Fax: 03328 434643
E-mail: info@codon.de
Internet: www.codon.de
ISIN: DE000A1K0227
WKN: A1K022
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange

 
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