other material
confidence high
sentiment neutral
materiality 0.70
MEI Pharma terminates Kyowa Kirin deal, regains full global rights to ME-401; urges vote for Infinity merger
Lite Strategy, Inc.
- Mutually terminated License, Development and Commercialization Agreement with Kyowa Kirin for ME-401 effective July 14, 2023.
- MEI regains full global rights to develop, manufacture and commercialize ME-401; Kyowa Kirin retains limited compassionate use until Nov 30, 2027.
- Each party released the other from claims; MEI must deliver certain materials to Kyowa Kirin.
- Press release reminds shareholders to vote FOR Infinity transaction at July 23 special meeting; ISS and Glass Lewis recommend FOR.