other material
confidence high
sentiment neutral
materiality 0.60
Jupiter Neurosciences signs $2.3M strategic services deal with Dominant Treasure for SE Asia distribution
JUPITER NEUROSCIENCES, INC.
- One-time payment of $2,300,000 to Dominant Treasure for services to accelerate product development and distribution in Southeast Asia.
- Success fee of 5% of any upfront and/or milestone payments if Dominant Treasure helps secure distribution deals in China, Singapore, Malaysia.
- Dominant Treasure will also receive 5% of any royalty payments under such distribution agreements.
- Agreement has a 36-month term and can be terminated by mutual agreement at any time.
- Deal covers China (including Hong Kong), Singapore, and Malaysia market entry.