Brief: Kane Biotech And Animalcare To Form Animal Health Company To Target Biofilm-Related Ailments

Kane Biotech

28/09/2020 15:28

Sept 28 (Reuters) - Kane Biotech Inc  KNE.V :
    * KANE BIOTECH AND ANIMALCARE TO FORM ANIMAL HEALTH COMPANY
TO
TARGET BIOFILM-RELATED AILMENTS
    * KANE BIOTECH INC - ENTERED INTO AGREEMENT WIT ANIMALCARE
GROUP
PLC UNDER WHICH PARTIES WILL FORM STEM ANIMAL HEALTH INC.
    * KANE BIOTECH - UNDER AGREEMENT ANIMALCARE TO INVEST $3
MILLION
IN INSTALLMENTS OVER 48 MONTHS TO BUY A ONE-THIRD PLUS ONE SHARE
EQUITY INTEREST IN STEM
    * KANE BIOTECH INC - ANIMALCARE WILL HAVE LICENSING RIGHTS
OVER
FUTURE STEM PRODUCTS IN EUROPE AND ASIA
    * KANE BIOTECH INC - ANIMALCARE WILL HAVE OPTION, FOR PERIOD
OF 6
YRS, TO ACQUIRE ADDITIONAL ONE-SIXTH STAKE IN SUBSIDIARY FOR $4
MILLION, PAYABLE TO CO

Source text for Eikon:  ID:nGNX7RMGj8 
Further company coverage:  KNE.V 

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