Entero Therapeutics Ink LOI To License Data Vault's Clinical Trial Management Platform For GI Disease Trials
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Entero Therapeutics has signed a Letter of Intent with Data Vault to license their clinical trial management platform for GI disease trials. The agreement includes issuing convertible preferred stock to Data Vault and revenue sharing. The deal is expected to close by the end of September, contingent on a strategic investment of at least $500K.
September 10, 2024 | 11:08 am
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Entero Therapeutics has signed a LOI with Data Vault for an exclusive license to use their clinical trial management platform. This deal involves issuing convertible preferred stock and revenue sharing, contingent on a strategic investment.
The partnership with Data Vault provides Entero Therapeutics with access to advanced technology for clinical trials, which could enhance their operational capabilities and attract further investment. The issuance of convertible preferred stock and revenue sharing indicates a significant strategic move, likely to positively impact Entero's stock in the short term.
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