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Article: UBC Receives First Milestone Payment from Forbes Under Revised License Agreement; $250,000 Milestone Payment One of the Largest Received to Date.
- Article from:
- Business Wire
- Article date:
- November 18, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 18, 1999--
Forbes Medi-Tech(TSE:FMI.) UBC Forbes Medi-Tech (FMI: TSE) and the University of British Columbia (UBC) today announced that Forbes has paid UBC $250,000 as a first royalty payment under the Forbes/UBC License Agreement. This represents a portion of a milestone payment Forbes recently received under its Master License Agreement with Novartis Consumer Health to use or sub-license Phytrol(TM) - Forbes' sterol-based cholesterol-lowering functional food ingredient.
"This payment is one of the largest single milestone payments we have received to date," said Angus Livingstone, Managing Director of ...
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Article: Cross-License Agreement Settles Internet Patent ...
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