A private investment group acquired an unknown stake in IOI, LLC from Prospect Park Capital Corp. for $0.16 million.
A private investment group completed the acquisition of an unknown stake in IOI, LLC from Prospect Park Capital Corp. (TSXV:PPK) on November 9, 2015. As announced on March 29, 2017, Prospect Park Capital will not receive its previously announced milestone as Allergan exercised its unilateral right to terminate its license, transfer and development agreement with Serenity which effectively terminated Serenity's (and its partners) right to any milestone payments.