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home / news releases / EOLS - Evolus concludes certain royalty payments related to settlement of IP rights dispute

EOLS - Evolus concludes certain royalty payments related to settlement of IP rights dispute

Evolus Inc.

  • Evolus ( NASDAQ: EOLS ) said Wednesday it concluded certain royalty payments related to the 2021 settlement of litigation claims between the company, Medytox and Allergan - which is now part of AbbVie ( ABBV ).
  • EOLS continues to expect its adj. gross profit margin for the quarter ending Dec. 31 to grow 68-71%.
  • "The conclusion of these royalty payments represents the beginning of a significantly improved financial profile reflecting stronger profit margins, which keeps us on a path to reaching profitability," said EOLS CEO David Moatazedi.

For further details see:

Evolus concludes certain royalty payments related to settlement of IP rights dispute
Stock Information
Company Name: Evolus Inc.
Stock Symbol: EOLS
Market: NASDAQ
Website: evolus.com
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