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Home > News > Biophan Executes Definitive Agreements with Boston Scientific

July 1st, 2005

Biophan Executes Definitive Agreements with Boston Scientific

Abstract:
Biophan Technologies, Inc., a developer of next-generation biomedical technology, today announced it has reached a definitive agreement with Boston Scientific Corporation on an equity investment and technology license. The equity transaction consists of the purchase of Biophan common stock totaling $5 million, priced at a 10% premium over the average of the closing price for the 30 calendar-day period prior to the closing. The technology license includes an upfront payment of $750,000 and annual maintenance fees, in addition to royalties and milestone payments.

Source:
biophan.com

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