Recipharm divests the rights to its ThyroSafe® product
Recipharm today announces that it has signed and closed an agreement with SERB SA (“SERB”) on a divestment of its rights to its potassium iodide product ThyroSafe®except for the US territory. The total consideration amounts to EUR 9.5 million (SEK 97 million) with EUR 5.9 million paid upon closing and EUR 3.6 million later, conditional upon reaching certain product development milestones. SERB will according to the agreement have an option to acquire the US rights at a later stage. SERB has in parallel entered into a long term manufacturing agreement with Recipharm for the supply of the