litigation
confidence high
sentiment positive
materiality 0.70
REGENXBIO settles arbitration with Abeona, receives $30M total payment
REGENXBIO Inc.
- Abeona pays $20M upfront (received); $5M due at first anniversary; $5M due by third anniversary or specified transaction.
- Settlement resolves arbitrations and related proceedings from terminated November 2018 License Agreement.
- Parties will dismiss enforcement action and second arbitration; mutual release of claims.
- Company expects to file full Settlement Agreement with 2021 10-K.