litigation
confidence high
sentiment neutral
materiality 0.60
REGENXBIO settles GSK sublicense fee dispute for $10M
REGENXBIO Inc.
- Company will pay $10.0M to GSK within 3 business days for alleged underpayment of sublicense fees.
- Settlement includes mutual releases of past claims and certain future claims under the 2009 license agreement.
- Company retains existing allocation methodology for future sublicense fee payments to GSK.
- Dispute covered sublicense fees and royalties on amounts received from sublicensees.