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Business, 21.01.2021 22:30 SM141372

Ivanhoe Pharmaceuticals entered into a licensing agreement with Zenith Lab for a new drug under development. Ivanhoe will receive $8200000 if the new drug receives FDA approval. Based on prior approval, Ivanhoe determines that it is 85% likely that the drug will gain approval. The transaction price of this arrangement should be $6970000. $1230000. $0 until approval is received. $8200000.

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