Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

In addition, the agreement also provides for the Company to have a long-term profit sharing arrangement with respect to the licensed products.

No mention of the %age split damn it!!! hate that when they don't disclose that... my guess is probably 50/50.

Under the terms of the 10-year agreement, the Registrant will receive a non-refundable upfront payment of US$3 million in October 2016. In addition, the agreement also provides for the Registrant to have a long-term profit sharing arrangement with respect to the licensed products (which includes up to $11 million in cost recovery payments to the Registrant).probably handled as sales milestones The Registrant has agreed to manufacture and supply the licensed products exclusively for Mallinckrodt on a cost plus basis,on a cost plus basis... my guess 20% above cost... will help with overhead and Mallinckrodt has agreed that the Registrant will be its sole supplier of the licensed products marketed in the U.S.