Shares in Argent BioPharma more than doubled on the ASX on Tuesday after it struck a global licensing deal for CannEpil, that will wipe out US$5.5 million (A$7.9m) in debt while preserving long-term royalty and manufacturing rights.
The Perth-based firm announced it had entered into a binding transaction framework with U.S.-listed Splash Beverage Group for the exclusive worldwide licence to commercialise CannEpil, its lead cannabinoid epilepsy treatment.
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