Posted Jun. 28, 2012 at 7:41 a.m.
Cempra
Research Triangle Park, N.C. — According to Cempra's filing, the drug developer is paying Scripps a one-time license fee of $350,000. The company must also pay Scripps $50,000 annually for the first three years of the agreement and $85,000 from the fourth year onward. If any commercialized products emerge from the agreement, Scripps stands to gain royalties on net sales....
Cempra strikes drug licensing deal with Scripps Institute
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Cempra
Research Triangle Park, N.C. — According to Cempra's filing, the drug developer is paying Scripps a one-time license fee of $350,000. The company must also pay Scripps $50,000 annually for the first three years of the agreement and $85,000 from the fourth year onward. If any commercialized products emerge from the agreement, Scripps stands to gain royalties on net sales....
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