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December 24, 2012
08:03 EDTQLTIQLT Inc. announces exclusive option for potential sale of PPDS for $500K
QLT Inc. announced that the company has entered into an exclusive option agreement with Mati Therapeutics under which QLT has granted Mati a 90-day option to acquire assets related to QLT's punctal plug drug delivery system, or PPDS, technology in exchange for $500,000. The option may be extended by Mati for up to three successive 30-day periods upon payment of an additional $100,000 for each extension. Should Mati exercise the option, QLT and Mati will enter into an asset purchase agreement and QLT will be entitled to a closing payment of $750,000, certain milestone payments and a low single digit royalty on world-wide net sales of all products using or developed from the Technology.
News For QLTI From The Last 14 Days
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October 15, 2014
14:31 EDTQLTIQLT Inc. requests withdrawal of registration statement
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October 9, 2014
09:20 EDTQLTIOn The Fly: Pre-market Movers
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07:30 EDTQLTIQLT Inc. says re-engaging assessment of options after Auxilium deal ended
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06:52 EDTQLTIQLT Inc. merger with Auxilium terminated for superior proposal from Endo
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