The agreement includes a multi-tiered royalty and 23 million euros in milestone payments. The two key milestone payments are on approval for PCAS from the European Medicines Agency (“EMA”) and when Linde reaches cumulative sales of 100 million euros – provided this occurs in the first four years following approval.
Bill Burns, CEO of NeuroproteXeon, was elated with the agreement. “When we started the Company we believed the nitric oxide business model established by Linde, and employed by Mallinckrodt in North America, was going to be our go to market strategy. To be able to partner with both these companies establishes a terrific platform for mutual success.”
Urmi Prasad Richardson, Global Head of Healthcare in the Centre of Excellence, noted, “This partnership marks the continued commitment Linde has to Healthcare innovation through development of new
NeuroproteXeon, Inc. is a clinical-stage pharmaceutical/device company developing xenon to improve functional capabilities and survival in patients with Post-Cardiac Arrest Syndrome (“PCAS”). The Company has a license agreement with Mallinckrodt LLC (NYSE
About Linde Healthcare
Linde Healthcare is a global leader specialising
For more information, visit Linde Healthcare online at www.linde-healthcare.com
About The Linde Group
In the 2017 financial year, The Linde Group generated revenue of EUR 17.113 bn, making it one of the leading gases and engineering companies in the world, with approximately 58,000 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business, with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at www.linde.com