InvestorsHub Logo
icon url

Munkie

04/07/20 6:04 PM

#24074 RE: Mooseface #24073

Did you even read the article?

Inspyr and Ridgeway will collaborate on certain aspects of development which will include a minimum level of purchased services by Ridgeway within 18 months of this transaction. In addition, Inspyr is eligible for approximately $12 million in success-based milestones from the Transaction. Inspyr is also entitled to receive royalties on all commercial sales. In the event Ridgeway sub-licenses these assets, Inspyr is entitled to share in the proceeds of any future transaction.
icon url

ZIA SPIRIT

04/07/20 6:54 PM

#24087 RE: Mooseface #24073

Just says they are licensing from them and assuming control. Not ownership
icon url

powerbattles

04/07/20 9:57 PM

#24140 RE: Mooseface #24073

It a licensing deal partner engaged collaborate development. RATHER than PATENT TRANSFER. This is a win win situation for both party.

Inspyr and Ridgeway will collaborate on certain aspects of development which will include a minimum level of purchased services by Ridgeway within 18 months of this transaction. In addition, Inspyr is eligible for approximately $12 million in success-based milestones from the Transaction. Inspyr is also entitled to receive royalties on all commercial sales. In the event Ridgeway sub-licenses these assets, Inspyr is entitled to share in the proceeds of any future transaction

.