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Athersys and Healios Extend by One Month the Period to Complete Collaboration Expansion Agreements

Athersys, Inc. (NASDAQ:ATHX) and HEALIOS K.K. (“Healios”) (TSE Mothers Code:4593) have agreed to extend the period from April 30, 2018 to May 31, 2018 to complete their planned collaboration expansion agreements, as defined in the March 13, 2018 Binding Letter of Intent. In March 2018, Healios invested $21.1 million in Athersys common stock and deposited an initial license fee payment of $10 million related to the planned expansion into an escrow account. The parties agreed to this one-month extension to allow for additional time to complete all of the agreements needed to define the expansion terms.

 

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