Provectus Pharmaceuticals Strikes Key Ophthalmology Therapy Deal
Company Announcements

Provectus Pharmaceuticals Strikes Key Ophthalmology Therapy Deal

Provectus Pharmaceuticals (PVCT) has provided an update.

Provectus Biopharmaceuticals, Inc. has secured an exclusive worldwide license from the University of Miami to develop and commercialize a photodynamic antimicrobial therapy for ophthalmology. The agreement involves an upfront fee, royalties on net sales, and equity in a new corporation set up specifically for this venture. The company has committed to achieving several development milestones and will also make additional payments upon reaching commercialization targets. The deal outlines various financial obligations and the potential for termination under certain conditions, emphasizing the strategic move by Provectus to expand its portfolio in eye care treatments.

Find detailed analytics on PVCT stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskProvectus Pharmaceuticals Converts Directors’ Fees to Preferred Stock
TipRanks Auto-Generated NewsdeskProvectus Pharmaceuticals Shares Annual Progress Update
TheFlyProvectus announces presentation at RBS for full-thickness cutaneous wounds
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App