IMUNON Agrees to Sell ThermoDox Rights for Equity, Milestones and Royalties
IMUNON will receive approximately 4.76% equity in VoxelDox, up to $16.5 million in milestones and 3.5%–6% royalties. Closing depends on VoxelDox completing a planned $2.5 million financing.
IMUNON will transfer its ThermoDox rights to VoxelDox in exchange for approximately 4.76% equity, milestone payments of up to $16.5M and royalties ranging from 3.5% to 6%. The deal is contingent on VoxelDox completing a planned $2.5M financing.