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Licensing Agreements

Critical Therapeutics licenses rights for vagus nerve stimulation device to Innovative Metabolics

Published in Medical Device Law Weekly, March 4th, 2007

Critical Therapeutics, Inc. (CRTX) has granted an exclusive worldwide license to Innovative Metabolics, Inc. for intellectual property rights related to the development and commercialization of medical device approaches to stimulating the vagus nerve, which is believed to play a role in regulating the body's inflammatory response.

"Licensing these patent rights allows us to monetize an asset that is not an area of focus for the company," said Frank Thomas, president and chief executive officer. "While we have opted to out-license patent rights for both electrical and mechanical stimulation of the vagus nerve, we have retained our intellectual property rights associated...

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