LS/Norgine EU separation agreement to be finalized in Nov 2020 .. had initial calls with several pot | NAVB Message Board Posts

Navidea Biopharmaceuticals, Inc.

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Msg  33385 of 33626  at  11/23/2020 8:56:27 PM  by

moneyonomics

The following message was updated on 11/23/2020 8:57:07 PM.

LS/Norgine EU separation agreement to be finalized in Nov 2020 .. had initial calls with several potential partners...covid impacting timing with a new partner but earnest negotiations should be underway by/in Nov 2020

 

Qtr, 2 Aug. 2020

 
Michael Okunewitch

All right. Thank you. And then just as we are on the topic of international. I would like to see if you could just give a general update on Lymphoseek in Europe. I know you guys are expecting to get that back in, I think, November now. So have there been any ongoing discussions on that front with partners or anything like that?

Jed Latkin

So we are in the process of, well, first off, we actually just got back the MA. So we do have the marketing authorization. So we actually re-own the product now fully. It will continue until November in terms of the negotiations and extricating ourselves from the agreement with Norgine and then the discussions will start in earnest once we have completed. So we are working on a pretty extensive third-party report on the overall value of the market.

So this is something that we did sort of initially way back when. But now as the product has gotten more and more developed, at least in the U.S., we had a third-party do a valuation report and that will be available in the next week. And then we are going to turn our attention to the discussion. So we have already had initial calls with several potential partners. But we expect that to get going in earnest probably, I would say, the September, October time frame, just because Europe, August is, even with COVID, August is usually the time off. So I don't expect much work to get done in Europe in August.


 
 


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