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February 6, 2012
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| 08:33 EDT |  | SDIX |
| theflyonthewall.com: | SDIX announces collaboration with BD Diagnostics | | SDIX (SDIX), a leading provider of biotechnology-based products and services for a broad range of life science, biotechnology, diagnostic and food safety applications, and BD Diagnostics, a segment of BD (BDX), announced the signing of a comprehensive agreement whereby the two companies will collaborate in the development of a microbiology detection solution. Under the agreement, SDIX will provide BD Diagnostics access to its proven antibody technology and a non-exclusive license to its patented bacteria phage technology. BD will pay SDIX a $1.25M upfront fee for a combination of license fees, technology access fees, and paid-for research during system development. In addition to the upfront payment, the agreement provides up to $2.5M in milestone payments and royalties on product sales incorporating SDIX’s patented technology. :theflyonthewall.com |
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