CO.DON AG: CO.DON negotiates with Xintela on the establishment of a joint venture

CO.DON AG / Key word(s): Letter of Intent

CO.DON AG: CO.DON negotiates with Xintela on the establishment of a joint venture

09-Jul-2018 / 08:30 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.

The issuer is solely responsible for the content of this announcement.


CO.DON AG (ISIN: DE DE000A1K0227)

CO.DON negotiates with Xintela on the establishment of a joint venture

Berlin / Teltow, 9 July 2018 – On 5 July 2018, CO.DON AG has signed a letter of intent (LOI) with Xintela AB, Lund (Sweden), by which the two companies have agreed to start negotiations regarding the establishment of a joint venture for the development and commercialization of stem cell based options for the treatment of cartilage disorders, specifically osteoarthritis, in the European and North American markets. The LOI provides that CO.DON and Xintela will each hold half of the joint venture. Xintela will provide the use of its marker and stem cell technology and its production capabilities to the joint venture. CO.DON will provide the funding for the realization of development and commercialization plans and contribute its competence in clinical development and commercialization. On the basis of a term sheet to be negotiated, CO.DON and Xintela will negotiate exclusively the contractual basis for the establishment of the joint venture until December 31, 2018.

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


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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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