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SmithKline gains worldwide rights to bioactive ceramic material for use in toothpastes.

This article was originally published in The Tan Sheet

Executive Summary

SMITHKLINE ACQUIRES BIOGLASS BIOACTIVE CERAMIC RIGHTS from U.S. Biomaterials for use in the company's toothpaste products. Under the agreement, SmithKline Beecham would make upfront and milestone payments totaling $12 mil., as well as royalties on sales of products employing Bioglass, USB announced April 21. SmithKline would receive exclusive worldwide rights to use the bioactive ceramic material in certain oral care applications.
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