BRIEF-Elutia Signs Definitive Agreement To Sell Simpliderm® In Transaction Valued At Up To $11 Million, Strengthening Balance Sheet Ahead Of NXT-41X Launch

Elutia Inc Class A

Elutia Inc Class A

ELUT

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July 16 (Reuters) - Elutia Inc ELUT.O:

  • ELUTIA SIGNS DEFINITIVE AGREEMENT TO SELL SIMPLIDERM® IN TRANSACTION VALUED AT UP TO $11 MILLION, STRENGTHENING BALANCE SHEET AHEAD OF NXT-41X LAUNCH

  • ELUTIA - TO RECEIVE $8 MILLION CASH AT CLOSING, UP TO $3 MILLION IN MILESTONE PAYMENTS

  • ELUTIA - TO SELL SIMPLIDERM BUSINESS TO CELLUTION BIOLOGICS FOR UP TO $11 MILLION

Source text: ID:nGNXc56WMv

Further company coverage: ELUT.O


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