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home / news releases / SIOX - Sio Gene Therapies trades high on receiving $11.6M on Arvelle Therapeutics sale closure

SIOX - Sio Gene Therapies trades high on receiving $11.6M on Arvelle Therapeutics sale closure

Sio Gene Therapies Inc.
Sio Gene Therapies (SIOX) rallied 7.4% premarket on receiving $11.6M from the closing of the sale of Arvelle Therapeutics to Angelini Pharma.Under sale terms, additional payments to Sio Gene Therapies are expected over time, including a payment of ~$4.8M by mid-2021 upon marketing approval of cenobamate by the European Medicines Agency.

For further details see:

Sio Gene Therapies trades high on receiving $11.6M on Arvelle Therapeutics sale closure
Stock Information
Company Name: Sio Gene Therapies Inc.
Stock Symbol: SIOX
Market: NASDAQ
Website: siogtx.com
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