Brief: Bactiguard Signs Global License Agreement With Zimmer Biomet

Bactiguard Holding AB

27/09/2019 06:32

Sept 27 (Reuters) - Bactiguard Holding AB  BACTIb.ST :
    * BACTIGUARD SIGNS GLOBAL LICENSE AGREEMENT WITH ZIMMER
BIOMET
    * HAS ENTERED INTO AN EXCLUSIVE, GLOBAL LICENSE AGREEMENT
FOR
ORTHOPEDIC TRAUMA IMPLANTS WITH ZIMMER BIOMET
    * AGREEMENT INCLUDES AN UPFRONT LICENSE FEE OF USD 3 MILLION
PAYABLE AT SIGNING, ADDITIONAL CONTINGENT PAYMENTS OF USD 2
MILLION
    * OUR NEW, GLOBAL PARTNERSHIP HAS POTENTIAL OF EXPANDING
BACTIGUARD'S CURRENT LICENSE BUSINESS SIGNIFICANTLY AND MAKING A
SUBSTANTIAL CONTRIBUTION TO OUR LICENSE REVENUES, BOTH IN NEAR
TERM AND IN A LONGER PERSPECTIVE

Source text for Eikon:  ID:nWkr8L3tPW 
Further company coverage:  BACTIb.ST 

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