Quick-Med Technologies, Inc.
Quick-Med Technologies Expands NIMBUS(R) License for Derma Sciences' BIOGUARD(TM) Wound Dressings
Published in Surgery Litigation and Law Weekly, March 5th, 2010
Quick-Med Technologies, Inc. (OTCBB:QMDT) announced that it has amended its Patent and Technology License Agreement with Derma Sciences, Inc. (NASDAQ:DSCI) to grant Derma Sciences rights to use NIMBUS® technology in an expanded range of wound dressings formats marketed by Derma Sciences under its BIOGUARD™ trademark. The amendment also adjusts minimum royalties, provides terms for Derma Sciences entering into a private-label contract, and extends the term of the License for an additional three years subject to Derma Sciences meeting certain milestones and performance requirements.
"Quick-Med is excited to enter into this amended license agreement with Derma...
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