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Product Licensing

License, asset purchase agreement with VivoQuest for intellectual property and technology announced

Published in AIDS Weekly, October 24th, 2005

XTL Biopharmaceuticals Ltd. (XTLB) announced the closing of the license and asset purchase agreement, which was previously signed with VivoQuest Inc. in August 2005.

Following the closing of these agreements, XTLbio has an exclusive license to VivoQuest's intellectual property and technology, including promising hepatitis C virus (HCV) compounds and VivoQuest's proprietary compound library.

In connection with the closing, XTL Biopharmaceuticals (XTLbio) made an up-front payment of approximately $1.4 million, which was satisfied through the issuance to VivoQuest of approximately 1.3 million XTLbio ordinary shares. All other amounts to be paid to...

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