Posted Jun. 28, 2012 at 7:41 a.m.

Premium Lock Cempra strikes drug licensing deal with Scripps Institute

Published: 2012-06-28 07:41:26
Updated: 2012-06-28 07:41:26

Cempra Cempra

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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