News

Vectura cheers £6m payment

31 October 2008 11:56:00

Vectura will be receiving a £6m (€7.5m) milestone payment from Boehringer Ingelheim for the drug developer's work on a multi-dose dry powder inhaler (DPI).

AIM listed Vectura has now received milestones and equity payments of £30.2m (€37.5m) from the German drugs group since signing a deal on April 2006.

Boehringer Ingelheim is entitled to develop and market its proprietary respiratory medicines in a branded version of the inhaler to treat asthma and chronic obstructive pulmonary disease (COPD).

Additional milestones will be payable for each product developed in the inhaler. Vectura will also receive royalties on global sales of Boehringer Ingelheim products delivered using the inhaler.

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.