Innovus Pharma enters license agreement with Bio Task for Malaysia
USA-based Innovus Pharmaceuticals (OTCQB: INNV) saw its shares leap 22.7% to $0.119, ahead if its formal announcement that it has entered into an exclusive license and distribution agreement with Bio Task SND BHD, a Malaysia company.
Under the agreement, Innovus Pharma will receive an upfront payment and is eligible to receive up to $34 million dollars in sales milestone payments plus an agreed-upon transfer price.
The products included are:
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