Capricor Therapeutics Receives First Milestone Payment Of $10M From Nippon Shinyaku, Co. Under Exclusive Commercialization And Distribution Agreement
Portfolio Pulse from Benzinga Newsdesk
Capricor Therapeutics has received a $10M milestone payment from Nippon Shinyaku under an exclusive commercialization and distribution agreement. This payment likely reflects progress in the development or regulatory achievements related to the agreement, signaling a positive collaboration between the two companies.
January 11, 2024 | 2:07 pm
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Capricor Therapeutics has received a $10M milestone payment from its partnership with Nippon Shinyaku, which could positively impact investor sentiment and the company's financial position in the short term.
The receipt of a $10M milestone payment is a significant financial event for Capricor Therapeutics. It suggests that the company is making progress in its partnership with Nippon Shinyaku, which could lead to further payments and a stronger financial footing. This news is likely to be viewed positively by investors, potentially leading to a short-term increase in CAPR's stock price.
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