Camurus is eligible to receive an upfront payment and progressive payments
of approximately USD65m, of which the majority are sales milestones.
MARC notes that given that the sale proceeds from the commercial units and progressive payments
for the hospital development will largely fund the overall construction costs of MYR 471 million, weak sales and construction delay could impact project cash flow and timely project completion.
They include financial instruments and products such as mudarabah (trust financing), musharakah (equity financing), ijarah (lease financing), murabahah (trade financing), qard al-hassan (benevolence/welfare loans), and istisna (progressive payments
They have a realistic understanding of total cost differences (e.g., progressive payments
, cost of quality, etc.).
Under the terms of the agreement, Protox will receive an upfront payment of USD3m (EUR2.27m) and is eligible to receive a near term milestone payment of USD5m, as well as progressive payments
of up to USD67m upon achievement of specific development, regulatory and commercial milestones.
Under the terms of the licence agreement Ipsen will receive progressive payments
of up to USD80m upon the achievement of certain development and commercial milestones plus royalties on future sales of the products.