Brief: Osteopore Says MoU With Temasek-Linked Innoventures Orthopaedics In China

Osteopore

12/09/2023 02:32

Sept 12 (Reuters) - Osteopore  OSX.AX :
    * MOU WITH TEMASEK-LINKED INNOVENTURES ORTHOPAEDICS IN CHINA
    * TO ENTER JOINT VENTURE AGREEMENT AIMED AT COMMERCIALISING
OSTEOPORE'S ORTHOPAEDIC PRODUCTS IN CHINA
    * WILL PROVIDE INNOVENTURES WITH EXCLUSIVE ROYALTY-FREE
LICENSE
FOR SPECIFIC INTELLECTUAL PROPERTY IN RETURN FOR 30% EQUITY IN
JV
    * INNOVENTURES IDENTIFIED PROSPECTIVE INVESTOR WHO HAS
EXPRESSED
INTEREST IN PARTICIPATING IN THIS JV
    * CO AND INNOVENTURES WILL NOW MOVE TOWARDS EXECUTING
DEFINITIVE
AGREEMENT PERTAINING TO JV BY 30 NOV

Source text for Eikon:  ID:nASX1zx48q 
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 ((Reuters.Briefs@thomsonreuters.com;))