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Myriad, Genetic Technologies Ink Cross-Licensing Pact

NEW YORK, Oct. 28 - Myriad Genetics and Genetic Technologies Limited will cross-license a number of their technologies.

 

Under the terms of the deal, Myriad will pay GTL $1 million up front plus annual fees for a "broad, non-exclusive" license to its non-coding DNA-analysis and -mapping patents for human diagnostics and therapeutics.

 

GTL, meantime, will pay "various" undisclosed option fees and annual royalties to market Myriad's diagnostics in Australia and New Zealand.

 

Click here for more information.

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