other material
confidence high
sentiment neutral
materiality 0.65
Invivyd issues 6.8M-share warrant to Population Health Partners under $3M consulting deal
Invivyd, Inc.
- Cash fee of $500,000/month for 6 months ($3M aggregate) for clinical development advisory services.
- Warrant for up to 6,824,712 shares at $3.48/share; vests in tranches tied to market cap milestones up to $1.5B by 2030.
- Invivyd board members Clive Meanwell and Tamsin Berry are respectively managing partner and partner of PHP.
- PHP to advise on clinical development and regulatory matters for NVD200 and other candidates.
- Press release highlights PHP leadership team’s success at The Medicines Company and Pfizer.