Brief: Bioextrax Enters Into License Agreement Regarding PHA Production

Bioextrax AB publ

15/06/2023 08:32

June 15 (Reuters) - Bioextrax AB publ  BIOEX.ST :
    * ENTERS INTO LICENSE AGREEMENT WITH AMERICAN COMPANY
REGARDING
PRODUCTION OF PHA
    * THROUGH AGREEMENT, AMERICAN CO GETS RIGHT TO AN EXCLUSIVE
LICENSE FOR PRODUCTION OF CERTAIN TYPES OF PHA FOR RIGID
PACKAGING IN THE USA, BRAZIL AND MEXICO WITH HELP OF BIOEXTRAX
TECHNOLOGIES
    * FOR INITIAL TIME-LIMITED OPTION, COMPANY WILL PAY $50,000
TO
BIOEXTRAX
    * FIRST PERIOD RUNS UNTIL END OF SEPTEMBER 2023 AND THE AIM
IS FOR
AMERICAN COMPANY TO SECURE A FIRST ROUND OF FINANCING DURING
THIS TIME

Source text for Eikon:  ID:nMFN4c1DfF 
Further company coverage:  BIOEX.ST 

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