other material
confidence high
sentiment positive
materiality 0.55
vTv Therapeutics expands Newsoara license globally for $20M upfront, up to $96M milestones
vTv Therapeutics Inc.
- Second Amendment to License Agreement with Newsoara Biopharma expands original China license to global.
- Newsoara to pay $20M upfront within one year; if not paid, amendment void.
- Up to $41M in development milestones and $35M in sales milestones, plus mid-to-upper single-digit royalties.
- vTv Therapeutics LLC (subsidiary of vTv Therapeutics Inc.) is the licensor.