SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 22, 2021 (
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Item 2.01. Completion of Acquisition or Disposition of Assets
On January 21, 2021, Y-mAbs Therapeutics, Inc., (the “Company”) closed its previously announced transaction with United Therapeutics Corporation (“United”), pursuant to which the Company sold its Priority Review Voucher (“PRV”) to United in accordance with the terms of the Asset Purchase Agreement (the “Agreement”) entered into by the parties on December 24, 2020. Upon closing, the Company received the cash proceeds of $105 million from United.
The PRV was granted in conjunction with the approval by the U.S. Food and Drug Administration (“FDA”) of DANYELZA®, for the treatment of refractory/relapsed high-risk neuroblastoma.
The foregoing description of the Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Agreement. The Company intends to file a copy of the Agreement, potentially with certain portions subject to confidential treatment, with the Company's Annual Report on Form 10-K for the year ended December 31, 2020.
Item 9.01. Financial Statements and Exhibits.
Interactive Data File (embedded within the Inline XBRL document).
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Y-MABS THERAPEUTICS, INC.|
|Date: January 22, 2021||By:||/s/ Thomas Gad|
|Founder, Chairman, President and Head of Business Development & Strategy|