NeoProteomics has concluded a licensing agreement with parent institution Case Western Reserve University for technology underlying four software programs that it plans to commercialize.

Under the terms of the 20-year licensing deal, initially disclosed in March, NeoProteomics will be the exclusive distributors of the technology. In return, Case Western Reserve has gained a 15 percent share in the company and will be paid a royalty of an undisclosed amount for each software sale.

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