Aditxt Signs Asset Purchase Agreement for 50% Ownership of Global Response Aid (Avigan) with Cellvera and Agility
April 20, 2023
Aditxt, Inc. signed an asset purchase agreement to acquire 50% ownership of Global Response Aid FZE (GRA), with the other 50% owned by Agility, Inc. The transaction includes $24.5 million consideration (including forgiveness of a $14.5 million loan and $10 million cash) plus future royalties for seven years, granting Aditxt rights to manufacture and market the broad-spectrum antiviral Avigan 200mg worldwide excluding Japan, China, and Russia.
- Buyers
- Aditxt, Inc., Agility, Inc.
- Targets
- Global Response Aid FZE (GRA)
- Sellers
- Cellvera, Ltd., Cellvera Global Holdings, LLC (f/k/a AiPharma Global Holdings, LLC)
- Industry
- Pharmaceuticals
- Location
- United Arab Emirates
- Transaction Type
- Buyout
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