Omeros Corporation Announces Additional Royalty Monetization with DRI Healthcare Trust Giving Omeros $115M Upfront Payment And Opportunity For Additional $55M In Sales-Based Milestones
Portfolio Pulse from Benzinga Newsdesk
Omeros Corporation has entered into a royalty monetization agreement with DRI Healthcare Trust, receiving an upfront payment of $115 million. The deal also includes the potential for Omeros to earn an additional $55 million based on future sales milestones.
February 01, 2024 | 2:13 pm
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Omeros Corporation receives a significant financial boost through a $115M upfront payment from DRI Healthcare Trust, with the possibility of an additional $55M from sales milestones.
The upfront payment of $115 million significantly enhances Omeros Corporation's financial position, potentially supporting its operations and future projects. The additional $55 million tied to sales milestones could further bolster its financial stability and growth prospects, making this news highly relevant and important for investors. The positive financial impact and potential for future earnings from sales milestones are likely to be viewed favorably by investors, leading to a positive short-term impact on OMER's stock price.
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