Advanced Polymer, Lander Co. Inc. deal

The companies agreed to develop personal care products using APOS's Microsponge delivery technology. Lander invested $3 million in APOS, purchasing 350,000 shares of APOS common at about $8.50 per share. APOS, which has 17 million shares outstanding after the purchase, will receive undisclosed licensing fees, royalties and R&D funding on a product-by-product basis. Lander will be responsible for sales, manufacturing and distribution. ...