Proteus Biomedical Inc.
Proteus Biomedical Announces License and Collaboration Agreement for Sensor-Based Pharmaceuticals
Published in Drug Law Weekly, January 26th, 2010
Proteus Biomedical Inc., a pioneer in intelligent medicine, entered into an exclusive worldwide license and collaboration agreement with Novartis to develop and commercialize pharmaceutical products that incorporate Proteus' novel sensor-based technologies in the field of organ transplantation. Novartis also receives certain option rights in cardiovascular and oncology product applications, as well as rights to use Proteus technologies in its clinical development of pharmaceutical products.
Under the terms of the agreement, Novartis will make upfront cash and equity investments in Proteus totaling US$24 million. Proteus would also receive royalties on worldwide net...
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Source: Drug Law Weekly (2010-01-26)
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