New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
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
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for QLTI

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use