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Quotes & Info
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| IGXT.OB > SEC Filings for IGXT.OB > Form 8-K on 14-Feb-2012 | All Recent SEC Filings |
14-Feb-2012
Entry into a Material Definitive Agreement, Financial Statements and
On February 14, 2012, IntelGenx Corp., a wholly owned subsidiary of IntelGenx Technologies Corp. (the "Company"), announced that it has entered into an exclusive agreement with Edgemont Pharmaceuticals, LLC ("Edgemont") for the commercialization of IntelGenx' lead product CPI-300 in the United States (U.S.).
Under the terms of the agreement, Edgemont has obtained certain exclusive rights to market and sell CPI-300 in the U.S. In exchange IntelGenx will receive a $1.0 million upfront payment and launch related milestones totalling up to $4.0 million and will be eligible for additional milestones upon achieving certain sales and exclusivity targets of up to a further $23.5 million. IntelGenx will also receive tiered double-digit royalties on the net sales of CPI-300.
On February 14, 2012, the Company issued a press release announcing entry into the Agreement, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Shell company transactions.
Not applicable.
(d) Exhibits.
Exhibit
Number Description
99.1 Press Release of IntelGenx Technologies Corp. dated as of February 14,
2012.
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