CMND - Notable Newsmakers

2024-04-10 09:19:47 ET

DENVER, Colo., Apr 10, 2024 ( 247marketnews.com )- ABVC BioPharma, Inc. (NASDAQ: ABVC ), Clearmind Medicine Inc. (NASDAQ: CMND ), Brera Holding (NASDAQ: BREA ), Goldman Sachs (NYSE: GS ), and JP Morgan (NYSE: JPM ).

ABVC BioPharma, Inc. (NASDAQ: ABVC ) stated that it entered into a term sheet with OncoX BioPharma, Inc. for ABVC’s Oncology/Hematology pipeline and is set to receive $50,000,000 as licensing fees in the form of Cash/Shares within 30 days of execution of the Definitive Agreement, plus an additional milestone payment of $5,000,000 in cash after the first fundraising round and Royalties of 5% of net sales, up to $50,000,000, after the launch of the Licensed Products.

“We are thrilled to announce that the term sheet for a potential groundbreaking licensing deal with OncoX has been successfully executed. The agreement sets the stage for a strategic partnership that we hope will revolutionize the Oncology/Hematology sector with our products that are valued at $105M by third-party valuer,” stated Dr. Uttam Patil, ABVC’s Chief Executive Officer.  “After extensive negotiations and meticulous legal scrutiny, both parties have reached mutually beneficial terms that pave the way for a collaborative venture we believe is poised to redefine industry standards and drive innovation. This licensing deal marks a significant milestone for ABVC and OncoX, affirming their commitment to excellence and shared vision for the future. By leveraging each other’s strengths, resources, and expertise, the partnership is set to unlock new opportunities and create unparalleled value for stakeholders.”

Clearmind Medicine Inc. (NASDAQ: CMND ) filed a patent application with United States Patent and Trademark Office for the use of 3-methylmethcathinone to prevent and/or treat eating disorders either alone or in conjunction with Palmitoylethanolamide.

“The field of weight loss has been a blockbuster of the pharmaceutical industry and generates billions of dollars to companies who are active in this space. We at Clearmind have made it our goal to be at the forefront of developments in fields where we believe that we have an advantage over the marketed treatments, with weight loss being one of them. With sort in supply, shortage of active ingredients, high price, adverse events and inconvenient method of administration, we believe that our molecules may have the potential over the ones already available “

Brera Holding (NASDAQ: BREA ) recently announced they are actively scouting to acquire the next piece of their multiclub ownership (MCO), professional football team puzzle, which could include some well-known names.

“The acquisition of a professional football club will demonstrate our ability to execute the MCO model at the highest level, and we are eager to announce the transaction details when finalized,” said Brera Holdings CEO, Pierre Galoppi. “In addition to acquiring clubs that have significant upside potential, our goal is to partner with clubs that share our fundamental belief in player culture and development. By aligning Brera with high profile clubs and partners who share our vision, we believe it will unlock several layers of player progression and deliver new revenue streams by building champions, as opposed to buying them,” Galoppi concluded.

Famed Investment Banker, Daniel McClory, took a large position in Brera, which operates in a space that is projected to be a top asset class.

To address this dynamic, Goldman Sachs (NYSE: GS ) , which worked on Chelsea Football Club and Formula One deals, created a Sports Franchise unit, within its investment banking division, to provide wealthy clients with opportunities to invest in sports team financing, while JP Morgan (NYSE: JPM ) recently established a Sports Investment Banking division and reported “The sports sector has evolved into a significant asset class, drawing an increasing number of institutional investors.”

According to the WSJ, “Limited supply is one of the main attractions of investing in sports teams, as opportunities arise only when team owners pass away or encounter troubles, per the report. It’s also a status symbol for the wealthy and famous.”

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