Re Agreement
July 10 2003 - 2:00AM
UK Regulatory
RNS Number:3774N
Aortech International PLC
10 July 2003
AORTECH INTERNATIONAL plc
Aortech Signs License Agreement With Major US Medical Device Partner
AorTech International plc ("AorTech") announces the signing of a license and
supply agreement for its proprietary silicone-polyurethane co-polymer technology
with a major US supplier of medical devices. The specific financial terms are
confidential, but the agreement is exclusive for the life of the corresponding
patents and restricted to certain cardiovascular applications. AorTech expects
income from up-front license fees, milestone payments, royalties and material
supplies and anticipates that the partnership will lead to co-development work
in the future.
10 July 2003
ENQUIRIES:
AorTech International plc Tel: 01698 746 699
Bill Strachan
College Hill Tel: 020 7457 2020
Nicholas Nelson
Clare Warren
This information is provided by RNS
The company news service from the London Stock Exchange
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