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Biotech / Medical : GUMM - Eliminate the Common Cold

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To: DanZ who wrote (557)5/8/1999 11:40:00 PM
From: Mad2  Read Replies (1) of 5582
 
Dan, do you have any published source or filing where you got the information that Gel Tech LLC owns the tradename and intellectual property on Zicam. I'm not disputing this, however everything I have seen and read (excepting your post) represents Gel Tech LLC interests to be in the marketing and distribution:
From GUMM's 5/6/99 press release
The joint venture will market and distribute ZICAM(TM), a new homeopathic cold remedy. ZICAM(TM) uses a nasal gel to deliver its active ingredient, Zinullose(TM), a patent-pending ionic zinc emulsification formula. Initial research has shown that ZICAM(TM) reduces the duration of the common cold from an average of 10 - 14 days to an average of 1 - 3 days. Under the terms of the operating agreement, Gum Tech will own a 60% interest and BioDelivery Technologies will own a 40% interest in Gel Tech LLC.
Dan, I'm trying to understand who owns the patent for Zinullose and any other property rights. If so what are the financial and other terms.
Best Regards, Mad2
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