secwatch.observer — SEC 8-K summary
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Issuer:     PROTHENA CORP PUBLIC LTD CO (PRTA)
CIK:        0001559053
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001559053-23-000021
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prothena expands BMS tau collaboration to global license; $55M fee, milestones up to $562.5M
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- BMS exercises option to convert US-only tau license to global; Prothena receives $55M exercise fee.
- Milestone payments increased from up to $465M to up to $562.5M under global agreement.
- Prothena eligible for up to $15M in CMC expense reimbursement.
- Tiered royalties on net sales unchanged; term runs product-by-product until end of royalty term.
- Global license supersedes prior US-only tau license dated July 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559053/000155905323000021/0001559053-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559053/000155905323000021/prta-20230705.htm
  HTML page:      https://secwatch.observer/filing/0001559053-23-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer