PSX psiron ltd

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  1. 624 Posts.
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    Last December's announcement, about the MOU with Canon...

    "The commercial terms of the MOU include a US$ 1 million upfront fee and royalties of 0.5% on all device sales and 10% of the royalties received by Canon from pharmaceutical companies. Royalties in the drug delivery systems industry are typically between 5 and 15% of sales of the pharmaceutical company. The royalty stream payable by Canon to Vapotronics is expected to be very substantial."

    No figure have been mentioned. Does anyone know if a payment figure or any payment has been received now that deal is done?


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