Clearside Biomedical Enters into Non-Dilutive Financing Agreement with HealthCare Royalty Partners for up to $65 Million
Retrieved on:
Monday, August 8, 2022
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Under the terms of the agreement, Clearside will receive an initial payment of $32.5 million, less certain expenses.
Key Points:
- Under the terms of the agreement, Clearside will receive an initial payment of $32.5 million, less certain expenses.
- The terms of the agreement also provide for an additional milestone payment of $20 million to Clearside upon attainment of a second pre-specified 2024 sales milestone for XIPERE.
- The arrangement with HealthCare Royalty specifically excludes all Clearsides internal development programs, including CLS-AX, as well as any future in-licensed assets.
- HEALTHCARE ROYALTY PARTNERS is a registered trademark of HealthCare Royalty Management, LLC in the U.S. and a trademark in other countries.