AMDL, Briana deal

The companies signed a letter of intent to form International Cancer Detection L.L.C., a joint venture to market and distribute AMDL’s tumor-marker detection and monitoring systems. BIA will pay AMDD (Pasadena, Calif.) $1 million over the next 10 months. BIA retains Canadian marketing rights, while AMDD retains all U.S. marketing and distribution rights. ...