Reuters logo
BRIEF-Richter buys into U.S. company, to sell ovulation predictor
October 31, 2017 / 7:21 AM / a month ago

BRIEF-Richter buys into U.S. company, to sell ovulation predictor

Oct 31 (Reuters) - Hungary’s Richter

* Entered into exclusive license and distribution agreement with U.S.-based Prima-Temp Inc. to sell ovulation predictor product PriyaRing.

* License and distribution agreement excludes U.S. and Canada.

* Agreement includes acquisition of a minority stake in Prima-Temp Inc. for $5 million.

* Richter to make upfront payment upon signature of agreement, further milestone payments and sales royalties will be payable to Prima-Temp Inc. after launch of the product. Further company coverage: (Reporting by Gergely Szakacs, editing by Louise Heavens)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below