OctoPlus Shares Rise on Locteron Deal with Biolex
Despite Monday's carnage on stock exchanges across the globe, OctoPlus NV posted a 13.6 percent rise in its share price on news that it could earn up to $149 million in up front, milestone and production-related payments from out-licensing its controlled-release formulation of alpha interferon, Locteron, to its co-development partner Biolex Therapeutics Inc. It also would receive royalties on product sales. (BioWorld International)
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