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BRIEF-Alchemia announces sale of Fondaparinux IP to Dr. Reddy's Laboratories

Published 25/09/2015, 08:41 am
© Reuters.  BRIEF-Alchemia announces sale of Fondaparinux IP to Dr. Reddy's Laboratories
TSN
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Sept 25 (Reuters) - Alchemia Ltd ACL.AX :

* Sale of Fondaparinux Ip ACL.AX

* Under binding terms of sale, Alchemia will receive US$17.5 million in cash from Dr. Reddy's

* Received a payment of US$1.15 million for its share of net profit from US- only sales of fondaparinux for the quarter ending 30 June 2015

* Entered into binding term sheet for sale of the intellectual property rights to fondaparinux sodium to Dr. Reddy's Laboratories

* Source text for Eikon ID:nASX3m8SNH

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