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Biotech / Medical : Cistron Biotechnology(CIST)$.30
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To: PeterR1700 who wrote (2446)8/28/1999 4:07:00 AM
From: Walter Morton  Read Replies (2) of 2742
 
Will this affect acquisition negotiations:

"Should CBI (Cistron Biotechnology, Inc.) dissolve, file for bankruptcy, has filed against it an involuntary petition of bankruptcy which is not dismissed within thirty (30) days after the date of filing, or otherwise cease to actively conduct its business, all rights to the INTELLECTUAL PROPERTY for use in the FIELD in the TERRITORY shall be assigned to RDS (R&D Systems a business of Techne)."

That is a paragraph out of the agreement CIST made with R&D Systms for one of CIST's product lines.

Refresher:

Message 9616770
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