Derma Sciences, Inc (DSCI)

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7:30AM Derma Sciences acquires global long-term exclusive rights to NIMBUS technology from Quick-Med Technologies (DSCI) 10.09 : Co and Quick-Med Technologies, a life sciences company that is developing innovative technologies for the healthcare and consumer markets, announce the signing of an agreement whereby Quick-Med Technologies has granted Derma Sciences an exclusive global license to intellectual property related to the novel NIMBUS antimicrobial technology. Under the terms of the agreement, DSCI will make a $1.3 million upfront payment to Quick-Med Technologies and future milestone payments based on sales of products incorporating the licensed technology. In addition, the royalty paid by Derma Sciences to Quick-Med Technologies on such products will be lowered from 20% currently, to a sliding scale starting at 8.5% and declining as sales milestones are achieved.