Those are very logical and valid points.

Issuance and Sale of Shares. Of the contingent consideration, (i) up to an aggregate of $217 million would be payable following receipt of certain regulatory approvals of OCR-002 for specific indications in the United States and Europe and (ii) up to an aggregate of $250 million would be payable upon the satisfaction of annual commercial sales milestones. Company Name: Ocera Therapeutics, Stock Symbol: OCRX, Industry: Biotechs, Total Posts: 2793, Last Post: 6/11/2020 10:09:22 AM I guess the aren’t they most solid phara company to buy this… but they should have the money and resources to pay for the merger and trying to get this into a Phase 3 trial. That's 10K going to my Roth account. Adjusted diluted earnings per share represent adjusted net income divided by the number of diluted With this focus, I'm confident this important treatment can be successfully brought to market.”. On the other hand, if we acknowledge deal risk, then there’s no edge whatsoever given the downside in OCRX’s price. *, Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.*. I don’t have the cash laying around for that. As you might remember from my previous post, I estimated a 80% probability for an intravenously version of the drug entering Phase 3 trials and a 20% probability for the oral version. after-tax

Current Report on Form 8-K filed by Ocera Therapeutics, Inc. with the Securities and Exchange Commission on November 2, 2017).

Small difference to the per share figures, but merger arb is a tight game after all. Think that they should be able to move to Phase 3 trials long before that, and if they aren’t able to do that I guess it’s unlikely to happen at all. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. The name of the corporation is Ocera Therapeutics, Inc. 2. If this would be a cash deal at $1.52 it should probably trade at $1.51. Thanks. Secondly, to get a meaningful exposure to only the CVR you need a pretty huge position in OCRX. It, The shares have been swapped out with cash, According to 8-K form wiki page, the following, According to the latest http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&d, The tender offer by a subsidiary of Mallinckrodt. Yesterday Mallinckrodt officially launched the tender offer for Ocera Therapeutics with a deadline on the 8th of December while the merger should be concluded shortly after. channel of distribution of important company information, such as press releases, investor presentations and other financial information. So I guess the credit risk you are running isn’t that big (at least on the first two milestones, the last milestone could take way longer).

Clear is that we don’t have to expect a quick payment on the last milestone. To learn more about Mallinckrodt, visit www.mallinckrodt.com.

STAINES-UPON-THAMES, You don’t have this problem with the two milestones connected to starting Phase 3 trials. I’m certainly not buying a huge position either. OCRX / Ocera Therapeutics, Inc. / Mallinckrodt Plc - EX-99.3. If they are close to the deadline and close to hitting that $500 million milestone they will have a big incentive to stay below that number in order to avoid the $75 million milestone payment. Whereas if we bring deal risk into the picture, and assume a failed merger sends OCRX back to the 1.20 area for the loss of 50 cents (generous), then the odds on offer are more like 3-for-10 (practically zero edge). ET PALO ALTO, Calif., November 13, 2014 - Ocera Therapeutics, Inc. (NASDAQ: OCRX), a clinical stage biopharmaceutical company focused on acute and chronic orphan liver diseases, today announced recent business highlights and reported financial results for the quarter ended September 30, 2014. Exhibit Exhibit 99.1 PRESS RELEASE Ocera Therapeutics Reports First Quarter 2017 Financial Results and Provides Clinical Update Post-hoc per protocol analysis demonstrates OCR-002 achieved primary endpoint with statistical significance, p=0.034 Company to host conference call and webcast today at 4:30 p.m.

I don’t think deal risk is a big deal, but there is of course a tiny bit there. Learn how your comment data is processed.

Required fields are marked *. Annual Meetings. Back to management. ), as follows: 1.

You get the same amount of money, but it might take a lot longer…, And you can find the full text of the CVR agreement here: https://www.sec.gov/Archives/edgar/data/1274644/000119312517330223/d487980dex21.htm. Excluding Ocera shares tendered by notice of guaranteed delivery, more than 50% of Ocera shares were validly tendered into and not validly withdrawn from the tender offer pursuant to dated as of July 30, 2015 (the ?
®

Keep in mind you have some MNK credit risk on the CVR payment though.


(hereinafter referred to as the “Executive”), and Ocera Therapeutics, Inc., a corporation organized and existing under the laws of the State of Delaware (hereinafter referred to as the “Company”). $0.34/share if the first patient is enrolled in a Phase 3 trial for an intravenous formulation of OCR-002 (before 2029).

within the meaning of the Securities Act of 1933, as amended (the ?Securities Act?

Mallinckrodt uses its website as a A bit more on the Ocera Therapeutics merger, Retail Holdings announces sale of Singer Bangladesh, Sky Solar tender offer successfully completed. All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file Payment will not only be very far away in the future, a Mallinckrodt receivable might also carry a significant amount of credit risk. $1.52 per share plus one non-transferable contractual contingent value right (“CVR”) for each share, which represents the right to receive one or more payments in cash, currently estimated to be up to $2.58 per CVR, contingent upon the achievement of certain milestones . Why is the situation so polarized in your opinion that their is either a massive edge, or none at all? – I am not sure, but i don’t think I saw an end date/deadline for the Product Sales Milestone, but might have overlooked Looks like DYAX will pay out, they recorded close to the full liability on their balance sheet and phase 3 results were ‘stellar’.

Thanks for the article. While I’m long the merger at slightly better odds than current (before the idea was widely circulated), I view it more as an experimental study than anything. Approximately 1.5 to 2 million patients are at risk of hepatic encephalopathy. OceraCompletesInterimAnalysisofOCR-002inPhase2bSTOP-HEStudyfortheTreatmentofHepaticEncephalopathy (1) PRESS RELEASE Ocera Completes Interim Analysis of OCR-002 in Phase 2b STOP-HE Study for the Treatment of Acute Hepatic Encephalopathy Independent DMC recommends continuation of study PALO ALTO, Calif. Exhibit 99.1 Ocera Earnings Release Exhibit 99.1 PRESS RELEASE Ocera Reports Fourth Quarter and Full Year 2014 Financial Results Conference Call Today at 4:30 p.m. ACT ? healthcare and pharmaceutical costs; limited clinical trial data for H.P. CLINICAL MANUFACTURE AND SUPPLY AGREEMENT THIS CLINICAL MANUFACTURE AND SUPPLY AGREEMENT (the “Agreement”) is entered into as of December 22, 2005 (the “CSA Effective Date”), by and between OCERA THERAPEUTICS, INC. (“Ocera”), a Delaware corporation, having an address of 11622 El Camino Real, Suite 100, San Diego, CA 92130, United States of America, and KU, CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ), and Mallinckrodt LLC, a Delaware limited liability company, with its principa, EX-99.A.1.B Exhibit (a)(1)(B) LETTER OF TRANSMITTAL To Tender Shares of Common Stock of OCERA THERAPEUTICS, INC. a Delaware corporation at $1.52 per share plus one non-transferable contractual contingent value right (?CVR?) Because adjusted financial measures exclude the effect of items that will increase or decrease the company’s reported results of operations, management

pharmaceutical ingredients and external manufacturing.

AGREEMENT This Agreement (hereinafter called “Agreement”) is made this April 5th, 2012 by and between Kureha Corporation, a Japanese corporation (hereinafter called “Kureha”), with its principal offices at 3-3-2, Nihonbashi-Hamacho, Chuo-ku, Tokyo 103-8552, Japan and Ocera Therapeutics, Inc., a Delaware corporation (hereinafter called “Ocera”), with its p, Exhibit 10.1 September 3, 2013 Ms. Jeri Hilleman 1398 Dana Avenue Palo Alto, CA 94301 Re: Employment Terms Dear Jeri: This letter agreement (the “Agreement”) provides the terms of your employment by Ocera Therapeutics, Inc. (the “Company”) and is made and entered into as of the last day either party executes the Agreement (the “Effective Date”). As Jacob noted the 2023 trading around 80 is something of an indicator of the credit risk here. Given the highly leveraged nature of Mallinckrodt not spending too much hard cash on a deal must be attractive to them.

to Board of Directors PALO ALTO, Calif. and RESEARCH TRIANGLE PARK, N.C., October 28, 2016 – Ocera Therapeutics, Inc. (NASDAQ:OCRX), today announced that Willard Dere, M.D., Professor of Internal Medicine at the University of Utah Health Sciences Center and former Senior Vice President in Re, Exhibit Exhibit 99.1 PRESS RELEASE Ocera Announces Enrollment Completion From Phase 2a NIH-Sponsored Study of OCR-002 in the Treatment of Patients with Acute Liver Failure PALO ALTO, Calif. and RESEARCH TRIANGLE PARK, N.C., September 21, 2016 – Ocera Therapeutics, Inc. (NASDAQ:OCRX), today announced completion of enrollment in STOP-ALF, a Phase 2a clinical trial to evaluate the Safety and Tolerabi, Exhibit Exhibit 99.1 PRESS RELEASE Ocera Initiates Phase 1 Clinical Study of Orally Available OCR-002 in Patients with Cirrhosis for the Prevention of Hepatic Encephalopathy -Phase 2b STOP-HE Enrollment Surpasses 205 Patients; On Track to Complete in Q4 2016- PALO ALTO, Calif. and RESEARCH TRIANGLE PARK, N.C., September 19, 2016 - Ocera Therapeutics, Inc. (NASDAQ:OCRX), a clinical stage biopharmac, Exhibit Exhibit 99.1 PRESS RELEASE Ocera Therapeutics Reports Second Quarter 2016 Financial Results and Company Update PALO ALTO, Calif. and RESEARCH TRIANGLE PARK, N.C., August 3, 2016 - Ocera Therapeutics, Inc. (NASDAQ:OCRX), a clinical stage biopharmaceutical company focused on acute and chronic orphan liver diseases, today reported financial results for the quarter ended June 30, 2016, and pro, Exhibit Exhibit 99.1 PRESS RELEASE Ocera Therapeutics Reports First Quarter 2016 Financial Results and Pipeline Progress - Company on target to complete enrollment in STOP-HE in the fourth quarter; approximately 165 patients enrolled to date - - Study with orally-available OCR-002 in patients with cirrhosis to begin in the third quarter with data expected by year-end - PALO ALTO, Calif. and RESEAR, Exhibit Exhibit 99.1 PRESS RELEASE Ocera Therapeutics Reports Fourth Quarter and Full Year 2015 Financial Results and Provides Corporate Update - Patient enrollment progressing in STOP-HE clinical trial of OCR-002; Company expects to complete enrollment in the fourth quarter of 2016 - - OCR-002 is the only ammonia scavenger in development for both treatment and prevention of hepatic encephalopathy, Exhibit Exhibit 99.2 PRESS RELEASE Ocera Announces Complete Plasma Data from Pilot Phase 1 Study for Orally-Available OCR-002 in Development for the Prevention of Chronic Hepatic Encephalopathy Study demonstrated a robust, extended-release profile for all OCR-002 prototype extended-release formulations evaluated PALO ALTO, Calif. and RESEARCH TRIANGLE PARK, N.C., January 8, 2016 – Ocera Therapeuti, Exhibit Exhibit 99.1 PRESS RELEASE Ocera Appoints Dr. Stan Bukofzer as Chief Medical Officer PALO ALTO, Calif. and RESEARCH TRIANGLE PARK, N.C., January 7, 2016 – Ocera Therapeutics, Inc. (NASDAQ:OCRX), a clinical stage biopharmaceutical company focused on acute and chronic orphan liver diseases, today announced the appointment of Dr. Stan Bukofzer as Chief Medical Officer.

2 Activist Investment, Ocera Therapeutics Form SC 13D/A (Activist Acquisition of More Than 5% of Shares), OCRX / Ocera Therapeutics, Inc. / QVT Financial LP - AMENDMENT NO.1 TO SCHEDULE 13G Passive Investment, Ocera Therapeutics Form SC 13G/A (Acquisition of More Than 5% of Shares), OCRX / Ocera Therapeutics, Inc. / QVT Financial LP - SCHEDULE 13G Passive Investment, Ocera Therapeutics Form SC 13G (Acquisition of More Than 5% of Shares), OCRX / Ocera Therapeutics, Inc. / RA Capital Management, LLC - SC 13G/A Passive Investment, OCRX / Ocera Therapeutics, Inc. / Vivo Ventures VI, LLC - AMENDMENT NO.

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