other material
confidence high
sentiment positive
materiality 0.82
Capricor signs binding term sheet with Nippon Shinyaku for European deramiocel rights; $15M equity + $20M upfront
CAPRICOR THERAPEUTICS, INC.
- Nippon Shinyaku to commercialize deramiocel in EU, UK and other European countries; Capricor receives double-digit revenue share.
- Up to $715M in milestone payments plus $20M upfront upon definitive agreement (expected Q4 2024); combined milestones now ~$1.5B.
- Private placement of 2.8M shares at $5.36 (20% premium to 60-day VWAP) raises ~$15M; proceeds extend cash runway into 2026.
- Capricor to develop and manufacture deramiocel; meeting with EMA planned to discuss European expansion.