other material
confidence high
sentiment neutral
materiality 0.70
Jupiter Neurosciences signs exclusive US license for PharmAla's ALA-002 MDMA program
JUPITER NEUROSCIENCES, INC.
- Upfront payment of $3.33M: $1.5M cash (net of $600K escrow) plus $1.83M in Jupiter common stock.
- Development milestones up to $23.33M: $3.33M on Phase 3 first dosing, $20M on first FDA NDA approval.
- Commercialization milestones up to $73.33M: $10M at $333M net sales, $30M at $1B, $33.33M at $2B.
- Royalty of 3% on net sales in the Territory, beginning after the third commercialization milestone is payable.
- Exclusive license for all human therapeutic uses in the US; Jupiter must use commercially reasonable efforts to develop and commercialize.