ff_relativeren schreef op 30 april 2020 18:57:
Kiadis Pharma heeft iets gedaan met de schulden aan Hospira ;
•In December 2011, the Company entered into an agreement with Hospira Inc. for which an amount of US$24.5 million had been judged as a loan. The payment obligations are linked to sales of our ATIR platform dependent on the commercial sale of ATIR or linked to granting a sublease on the related Theralux technology. For this financial liability, the Company had to make significant judgments and estimates previously about future cash flows towards Hospira Inc. Due to the decision to terminate all ATIR activities, the repayment of the outstanding amount is remote. The Company reduced the outstanding loan balance as of December 31, 2019 to zero resulting in a financial gain of EUR10.8 million.
En Kiadis lijkt iets te hebben gedaan met de (af)waardering van de beloning aan CytoSen management ;
•The Group recognizes a contingent consideration related to the acquisition of CytoSen. Previous CytoSen’s shareholders and former CytoSen’s option received potential future consideration of additional Kiadis shares upon the achievement of six clinical development and regulatory milestones. The fair value of the contingent acquisition consideration is determined using the assumed probability rates of success (PoS) of the different milestones and the closing price as of each reporting date. As a result of a change in share price from June 5, 2019 to December 31, 2019 the contingent consideration decreased by EUR13.1 million.