Aeterna Zentaris Settles Dispute with Cogas Consulting, LLC

Date : 11/06/2018 @ 1:00PM
Source : GlobeNewswire Inc.
Stock : Aeterna Zentaris Inc (AEZS)
Quote : 0.9024  0.0 (0.00%) @ 12:20PM

Aeterna Zentaris Settles Dispute with Cogas Consulting, LLC

Aeterna Zentaris (NASDAQ:AEZS)
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Aeterna Zentaris Inc. (NASDAQ:AEZS) (TSX: AEZS) and Cogas Consulting, LLC have amicably resolved their dispute with Aeterna Zentaris Inc. agreeing to make a payment to Cogas Consulting, LLC in the amount of $625,000. The parties now consider their contractual relationship as having been terminated for convenience.

About Aeterna Zentaris Inc.

Aeterna Zentaris Inc. is a specialty biopharmaceutical company focused on developing and commercializing, principally through out-licensing arrangements, Macrilen™ (macimorelin), an oral ghrelin receptor agonist, to be administered in the diagnosis of patients with adult growth hormone deficiency.  Aeterna Zentaris has entered into a license and assignment agreement with a wholly-owned subsidiary of Strongbridge Biopharma plc to carry out development, manufacturing, registration and commercialization of Macrilen™ (macimorelin) in the United States and Canada. For more information, visit www.zentaris.com.

Contact:

Leslie AuldChief Financial OfficerAeterna Zentaris Inc.IR@aezsinc.com843-900-3201

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