Scilex Pharmaceuticals Inc., Entered Definitive Mutual Release And Settlement Agreement With Virpax Pharmaceuticals, Inc. Relating To Previously Announced Term Sheet With Virpax In Respect Of Such Release And Settlement
Portfolio Pulse from Benzinga Newsdesk
Scilex Pharmaceuticals Inc. has entered into a definitive mutual release and settlement agreement with Virpax Pharmaceuticals, Inc. This agreement relates to a previously announced term sheet concerning the release and settlement between the two companies.
March 15, 2024 | 1:04 pm
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Scilex Pharmaceuticals Inc. has finalized a settlement agreement with Virpax Pharmaceuticals, which could resolve pending legal uncertainties and potentially improve investor sentiment.
Settlement agreements typically remove legal uncertainties and can lead to improved investor sentiment. For Scilex, finalizing this agreement with Virpax could clear any pending disputes, making it a positive development for the company and its investors.
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