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Stock Market & Financial Investment News

News Breaks
November 26, 2012
11:25 EDTOCLS, OCLS, OCLSOculus to host presentation with a conference call hookup
Managements hosts 2012 New York City Financial Analysts presentation on November 28 at 11:30 am. Webcast Link
News For OCLS From The Last 14 Days
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June 13, 2013
16:10 EDTOCLSOculus reports Q4 EPS (44c), consensus (13c)
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June 6, 2013
08:15 EDTOCLSOculus announces two key agreements with subsidiary Ruthigen
Oculus Innovative Sciences announced that the company has entered into two key agreements, which establish the license and supply as well as shared services with its wholly owned subsidiary, Ruthigen. The company expects to negotiate and enter into a third agreement governing other terms of their business relationship. The effective date for all three agreements would be the closing date of Ruthigen's proposed initial public offering, if any should occur. Pursuant to the license and supply agreement, Oculus agreed to exclusively license certain of its proprietary technology to Ruthigen to enable Ruthigen's research and development and commercialization of the newly discovered RUT58-60, and any improvements to it for certain invasive procedures in human treatment as defined in the license and supply agreement. In addition, the license and supply agreement provides Ruthigen with the exclusive option, exercisable within the first five years following the effective date of the agreement, to expand the license to certain other therapeutic indications upon payment of a license expansion fee of $10M within the first two years following the effective date of the agreement or, after the two-year period, the same fee plus certain out-of-pocket costs Oculus may incur in developing products for any of the indications. Additionally, Oculus will be prohibited from using the licensed proprietary technology to sell products that compete with Ruthigen's products within the Territory, and Ruthigen cannot sell any device or product that competes with Oculus products being sold or developed as of the effective date of the license and supply agreement.

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