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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 20.99

-1.3%

3:59 PM EST

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To: Howard Schellenberg who wrote (933)	7/2/1997 9:01:00 AM
From: Mike Relyea	of 1693

Howard's post number #933: ". . . . .19 million was an absurdly high settlement. . . ." From Form 10-K for QUIDEL CORP filed on Jun 27 1997: edgar-online.com 4.0 PAYMENT. 4.1 In consideration for the license granted hereunder, QUIDEL shall pay to BECTON the following: (a) Within ten (10) days after the signing of this Agreement, a non-refundable license fee of two million dollars ($2,000,000), which fee shall not be a credit against any royalty obligations under paragraph 4.1(b); and (b) On or subsequent to the EFFECTIVE DATE, a royalty at the rate of five and one-quarter percent (5 -1/4%) of the NET SALES of all PRODUCTS sold or OTHERWISE DISPOSED OF. Mike

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