Biotech Values

[apljack]

RE: NGNM and HDVY

I have attempted to find more information regarding the licensing arrangements between HDVY and both DGX and ABT but have not been able to uncover any specifics and have not heard back from IR at HDVY.

The NGNM/HDVY licensing arrangement is as follows:

"NeoGenomics paid $1 million in cash and issued 1,360,000 shares of common stock to HDC in upfront licensing fees. In addition, NeoGenomics will make milestone payments, in cash or stock, based on sublicensing revenue and revenue generated from products and services developed as a result of the Agreement. Milestone payments will be in increments of $500,000 for every $2 million in revenue recognized by NeoGenomics up to a total of $5 million in total milestone payments. After $20 million in cumulative revenue has been recognized, NeoGenomics will pay a royalty of 6.5% on product sales and will share profits from sub-licensing arrangements."

http://finance.yahoo.com/news/NeoGenomics-Enters-Into-prnews-1204970920.html?x=0

If and when I hear back from HDVY, I'll post the specifics.

aj