ARTICLE | Company News
Future Medical Products Inc. deal
January 31, 1994 8:00 AM UTC
FMPI (Hauppauge, N.Y.) said its Devaron Inc. subsidiary entered into a five-year agreement with Healthcare Technologies Ltd.’s Savyon Diagnostic unit to manufacture and distribute rapid diagnostic kits for infectious diseases. Devaron will receive a $500,000 licensing payment and will receive a 15 percent royalty on sales of the Savyon product. ...