M&A
confidence high
sentiment positive
materiality 0.75
BioCorRx acquires FDA-approved opioid withdrawal drug Lucemyra from USWM LLC
BioCorRx Inc.
- Upfront purchase price of $400,000 paid via seller retention of 50% of net sales and net distributable profits until capped.
- BioCorRx issued 500,000 shares of common stock and a warrant for 500,000 shares at $1.00 exercise price, 2-year term.
- Lucemyra is first and only non-opioid FDA-approved medication for opioid withdrawal; BioCorRx expects meaningful sales and positive cash flow.
- BioCorRx will pay a low single-digit royalty to USWM on future sales; no direct cash payment at closing.