Royalty payment

Genmab Announces Net Sales of DARZALEX® (daratumumab) for the Second Quarter of 2021

Retrieved on: 
Wednesday, July 21, 2021

Genmab receives royalties on worldwide net sales from Janssen Biotech, Inc.

Key Points: 
  • Genmab receives royalties on worldwide net sales from Janssen Biotech, Inc.
    Copenhagen, Denmark; July 21, 2021 Genmab A/S (Nasdaq: GMAB) announced today that worldwide net trade sales of DARZALEX (daratumumab), including sales of the subcutaneous (SC) formulation (daratumumab and hyaluronidase-fihj, sold under the tradename DARZALEX FASPRO in the U.S.), as reported by Johnson & Johnson were USD 1,433 million in the second quarter of 2021.
  • Net trade sales were USD 770 million in the U.S. and USD 663 million in the rest of the world.
  • Genmab receives royalties on the worldwide net sales of DARZALEX, both the intravenous and SC formulations, under the exclusive worldwide license to Janssen Biotech, Inc. (Janssen) to develop, manufacture and commercialize daratumumab.
  • Daratumumab is being developed by Janssen Biotech, Inc. under an exclusive worldwide license to develop, manufacture and commercialize daratumumab from Genmab.

Mesa Royalty Trust Announces Trust Income for July 2021

Retrieved on: 
Tuesday, July 20, 2021

Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of July 2021. Unitholders of record on July 30, 2021 will receive distributions amounting to $0.003925566 per unit, payable on October 29, 2021. The Trust received $33,763, all of which came from the Colorado portion of the Trust’s San Juan Basin properties operated by SIMCOE LLC, an affiliate of IKAV Energy Inc. (“Operator”). No income was received in July 2021 from any other working interest owner. The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado.

Key Points: 
  • Mesa Royalty Trust (the Trust) (NYSE: MTR) announced today the Trust income distribution for the month of July 2021.
  • Unitholders of record on July 30, 2021 will receive distributions amounting to $0.003925566 per unit, payable on October 29, 2021.
  • No income was received in July 2021 from any other working interest owner.
  • The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty.

Ohio Department Of Natural Resources Unitization Orders Take Center Stage In Battle Over Ohio's Forced Pooling Bill

Retrieved on: 
Tuesday, July 20, 2021

CARROLLTON, Ohio, July 20, 2021 /PRNewswire/ -- In follow-up to its recent press releases and opposition testimony regarding Ohio's forced pooling bill, Sub.

Key Points: 
  • CARROLLTON, Ohio, July 20, 2021 /PRNewswire/ -- In follow-up to its recent press releases and opposition testimony regarding Ohio's forced pooling bill, Sub.
  • 152, and the bill's negative impact on Ohio's unleased mineral owners, Gateway Royalty has also reached out to the Ohio Department of Natural Resources (ODNR) regarding market enhancement clauses, which are now included in the ODNR's forced pooling unitization orders.
  • For years, the ODNR's forced pooling unitization orders granted the unleased mineral owners a royalty on the "gross proceeds" of the sale of the oil and gas production, but that has changed in recent years.
  • 152 and the ODNR's forced-pooling unitization orders should include the 'bullet proof' gross proceeds royalty language recommended by Gateway Royalty."

Rockcliff Completes $3 Million Sale to Kinross of Non-Core Gold Assets

Retrieved on: 
Tuesday, July 20, 2021

Toronto, Ontario--(Newsfile Corp. - July 20, 2021) - Rockcliff Metals Corporation (CSE: RCLF) (OTCQB: RKCLF) ("Rockcliff" or the "Company") is pleased to announce the closing of the sale of its 100% owned subsidiary, Goldpath Corporation ("Goldpath"), to Kinross Gold Corporation ("Kinross").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - July 20, 2021) - Rockcliff Metals Corporation (CSE: RCLF) (OTCQB: RKCLF) ("Rockcliff" or the "Company") is pleased to announce the closing of the sale of its 100% owned subsidiary, Goldpath Corporation ("Goldpath"), to Kinross Gold Corporation ("Kinross").
  • The purchase price includes cash proceeds of $3 million and Net Smelter Return royalties ("NSR") on three of the Goldpath properties.
  • The consideration to be paid by Kinross to Rockcliff consists of the following:
    NSRs on the following properties:
    Ber Property - 2.0% NSR.
  • The cash proceeds from the sale of this non-core asset will assist Rockcliff as it continues to advance its project development strategy.

Royalty Pharma to Announce Second-Quarter 2021 Financial Results on August 11, 2021

Retrieved on: 
Monday, July 19, 2021

NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it will report its second quarter of 2021 financial results on Wednesday, August 11, 2021 before the U.S. financial markets open.

Key Points: 
  • NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it will report its second quarter of 2021 financial results on Wednesday, August 11, 2021 before the U.S. financial markets open.
  • The company will host a conference call and simultaneous webcast at 8:00 a.m. Eastern Time that day.
  • The conference call can be accessed live over the phone for U.S. callers by dialing (833) 519-1253 or for international callers by dialing +1 (914) 800-3826.
  • Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industrys leading therapies.

Brooklyn ImmunoTherapeutics Completes Acquisition of Novellus Therapeutics

Retrieved on: 
Monday, July 19, 2021

The co-founders of Novellus entered into lock-up agreements with respect to 3,377,690 of the shares of Brooklyn common stock issued in the transaction.

Key Points: 
  • The co-founders of Novellus entered into lock-up agreements with respect to 3,377,690 of the shares of Brooklyn common stock issued in the transaction.
  • The contractual lock-ups extend for a period of three years, subject to certain early release provisions based on the Brooklyn stock price.
  • Following the transaction, Brooklyn had approximately $25 million of cash, which Brooklyn projects, based on its current operating plans, will be sufficient to fund operations through the end of 2023.
  • The transaction relieves Brooklyn from its obligation to pay Novellus a set of upfront fees, clinical development milestone fees and post-registration royalties under a license agreement that Brooklyn entered into in April 2021 with Novellus and Factor.

BMG and SESAC Digital Licensing Expand Partnership for Southeast Asia and Australia/New Zealand, Administered by Mint

Retrieved on: 
Monday, July 19, 2021

BERLIN, HONG KONG and SYDNEY, July 19, 2021 /PRNewswire/ -- SESAC Digital Licensing and BMG have expanded their partnership with new digital licensing deals for BMG's Anglo-American repertoire in Southeast Asia and Australia/New Zealand.

Key Points: 
  • BERLIN, HONG KONG and SYDNEY, July 19, 2021 /PRNewswire/ -- SESAC Digital Licensing and BMG have expanded their partnership with new digital licensing deals for BMG's Anglo-American repertoire in Southeast Asia and Australia/New Zealand.
  • On behalf of BMG, SESAC Digital Licensing will negotiate license agreements with international online service providers and with the leading local online service providers in the respective markets.
  • Mint Digital Services (Mint) is an alliance between the US music rights organization SESAC and Swiss authors' rights society SUISA.
  • BMG COO Ben Katovsky said: "With SESAC and Mint we have found an ideal partner for digital licensing and royalty administration in these rapidly growing regions.

BMG and SESAC Digital Licensing Expand Partnership for Southeast Asia and Australia/New Zealand, Administered by Mint

Retrieved on: 
Monday, July 19, 2021

BERLIN, HONG KONG and SYDNEY, July 19, 2021 /PRNewswire/ -- SESAC Digital Licensing and BMG have expanded their partnership with new digital licensing deals for BMG's Anglo-American repertoire in Southeast Asia and Australia/New Zealand.

Key Points: 
  • BERLIN, HONG KONG and SYDNEY, July 19, 2021 /PRNewswire/ -- SESAC Digital Licensing and BMG have expanded their partnership with new digital licensing deals for BMG's Anglo-American repertoire in Southeast Asia and Australia/New Zealand.
  • On behalf of BMG, SESAC Digital Licensing will negotiate license agreements with international online service providers and with the leading local online service providers in the respective markets.
  • Mint Digital Services (Mint) is an alliance between the US music rights organization SESAC and Swiss authors' rights society SUISA.
  • BMG COO Ben Katovsky said: "With SESAC and Mint we have found an ideal partner for digital licensing and royalty administration in these rapidly growing regions.

Gulf Coast Ultra Deep Royalty Trust Announces Quarterly Cash Distribution

Retrieved on: 
Friday, July 16, 2021

About Gulf Coast Ultra Deep Royalty Trust.

Key Points: 
  • About Gulf Coast Ultra Deep Royalty Trust.
  • The subject interests and the Trusts overriding royalty interests are described in the Trusts filings with the Securities and Exchange Commission (SEC).
  • Any differences in actual cash receipts by the Trust could affect the amount of quarterly cash distributions.
  • If you have any questions related to the Trust, please see below for contact information:
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210716005436/en/

Permianville Royalty Trust Announces Monthly Operational Update

Retrieved on: 
Friday, July 16, 2021

The remaining administrative advances for the prior months will be repaid with any net profits in next months net profits interest calculation.

Key Points: 
  • The remaining administrative advances for the prior months will be repaid with any net profits in next months net profits interest calculation.
  • Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico.
  • In addition, future monthly capital expenditures may exceed the average levels experienced in 2020 and prior periods.
  • Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release.