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LG Life Science to export Factive technology to Japan.
Published: 2005-10-05 06:59:00
Updated: 2005-10-05 06:59:00
LG Life Science sold the Factive technology to aRigen, Japanese company. Factive is a derivative of the quinolone antibiotic drugs exclusively developed by LG Life Science.
The technology sale revealed a front payment of U$2 million including a milestone payment and a certain rate of revolving royalty on the net sales for 10 years after its market launching.
The company said "By this occa...
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