CO.DON AG: CO.DON negotiates with Xintela on the establishment of a joint venture
July 09, 2018 at 02:40 am EDT
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DGAP-Ad-hoc: CO.DON AG / Key word(s): Letter of Intent
CO.DON AG: CO.DON negotiates with Xintela on the establishment of a joint venture
09-Jul-2018 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
CO.DON AG (ISIN: DE DE000A1K0227)
CO.DON negotiates with Xintela on the establishment of a joint venture
Berlin / Teltow, 9 July 2018 - On 5 July 2018, CO.DON AG has signed a letter of intent (LOI) with Xintela AB, Lund (Sweden), by which the two companies have agreed to start negotiations regarding the establishment of a joint venture for the development and commercialization of stem cell based options for the treatment of cartilage disorders, specifically osteoarthritis, in the European and North American markets. The LOI provides that CO.DON and Xintela will each hold half of the joint venture. Xintela will provide the use of its marker and stem cell technology and its production capabilities to the joint venture. CO.DON will provide the funding for the realization of development and commercialization plans and contribute its competence in clinical development and commercialization. On the basis of a term sheet to be negotiated, CO.DON and Xintela will negotiate exclusively the contractual basis for the establishment of the joint venture until December 31, 2018.
Notifier:
Matthias Meißner, M.A.
Director Investor Relations / Public Relations
Tel. +49 (0)30 240352330
Fax +49 (0)30 240352309
Email: ir@codon.de
09-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
CO.DON AG
Warthestraße 21
14513 Teltow
Germany
Phone:
03328 43460
Fax:
03328 434643
E-mail:
info@codon.de
Internet:
www.codon.de
ISIN:
DE000A1K0227
WKN:
A1K022
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
Co.don AG is a Germany-based company that is active in the tissue engineering and regenerative medicine industry. The Company manufactures cell-based biological drugs for the use in orthopedic and neurosurgical applications. Its products are used for the treatment of focal particular cartilage defects, lumbar disc herniation, non-union fractures and dental disorders. Those include co don chondrotransplant, which is used for cartilage treatment, particularly in the knee area; co don chondrosphere, which is a three-dimensional articular cartilage cultivated outside of the body; co don chondrotransplant DISC, for the regeneration of intervertebral discs, and co don osteotransplant DENT, which is an autologous bone cell transplant for dental applications. The Company is active domestically and in other European countries.
CO.DON AG 
