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ERYTECH SELLS U.S. MANUFACTURING FACILITY AND ENTERS LONG-TERM SUPPLY AGREEMENT WITH CATALENT
ERYTECH Sells U.S. Manufacturing Facility and Enters Long-Term Supply Agreement with Catalent
Catalent acquired ERYTECH’s U.S. cell therapy manufacturing facility for a total consideration of USD 44.5 million ERYTECH and Catalent to enter into a long-term supply agreement for clinical and commercial supply of eryaspase (GRASPA®) Transaction expected to reduce operating expenses for ERYTECH Transaction brings ERYTECH’s cash to approximately EUR 55 million (USD 60 million), and extends cash runway to mid-2024 ERYTECH is evaluating valuable strategic options to leverage its ERYCAPS® platform and its development and manufacturing capabilities with complementary assets and/or a broader corporate transaction
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Big news! Sale is about same price as market cap! Undervalued here.
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This is going to $3 soon!
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2$ at close?
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Holding!
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Should be 5+ today
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ERYTECH Sells U.S. Manufacturing Facility and Enters Long-Term Supply Agreement with Catalent
Catalent acquired ERYTECH’s U.S. cell therapy manufacturing facility for a total consideration of USD 44.5 million
ERYTECH and Catalent to enter into a long-term supply agreement for clinical and commercial supply of eryaspase (GRASPA®)
Transaction expected to reduce operating expenses for ERYTECH
Transaction brings ERYTECH’s cash to approximately EUR 55 million (USD 60 million), and extends cash runway to mid-2024
ERYTECH is evaluating valuable strategic options to leverage its ERYCAPS® platform and its development and manufacturing capabilities with complementary assets and/or a broader corporate transaction