Marinus Signs an Agreement with Orion for the Commercialization of Ganaxolone in EU

Shots:

• Marinus to receive ~$30M up front & is eligible to receive ~$115M in R&D reimbursement milestone on achievement of clinical & commercialization milestones along with royalties. The transaction is expected to be completed in Q1’22
• Orion gets exclusive rights to commercialize ganaxolone as PO & IV formulations in EU, UK & Switzerland for CDD, TSC & RSE. The therapy is expected to be launch in mid-2022
• Marinus will be responsible for clinical development of ganaxolone along with approvals & submissions & is expected to file an MAA for the therapy to treat CDD in Q3’21. Orion will lead all pricing and reimbursement approvals along with the commercialization of ganaxolone in the EU

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