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VEC Vectura Group Plc

164.80
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vectura Group Plc LSE:VEC London Ordinary Share GB00BKM2MW97 ORD 0.0271P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 164.80 164.80 165.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Vectura Group Awarded $2.5 Million from Novartis After Drug Makes Regulatory Progress

24/05/2019 8:36am

Dow Jones News


Vectura (LSE:VEC)
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By Carlo Martuscelli

 

Vectura Group PLC (VEC.LN) said Friday that it is due to receive $2.5 million from drugmaker Novartis AG (NOVN.EB) after an asthma medication met a regulatory milestone.

The company, which specializes in inhaled medicines, licensed the proposed inhaled asthma therapy, QVM149, to Novartis in 2005, and is responsible for the development and commercialization of the product. The payment was triggered by the acceptance by European Union regulatory authorities of a marketing authorization application for the proposed drug.

Should QVM149 be approved in the EU it will receive another $5 million, plus royalties on sales.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

May 24, 2019 03:21 ET (07:21 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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