Orexo AB Plans Buyback Program of Company Shares

Published: Jun 14, 2012

UPPSALA, Sweden--(BUSINESS WIRE)--Regulatory News: On June 4, 2012 Orexo announced that an agreement was reached with ProStrakan Group plc regarding AbstralĀ®, whereby Orexo acquired all rights for Abstral in the USA and restructured the existing royalty arrangements in both the EU and the rest of the world. In addition to future royalty and milestone payments, Orexo will receive a fixed net consideration of MGBP 55 (approximately MSEK 610), that will be paid during the coming 24 months.

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