BIOLASE and P&G
This article was originally published in The Tan Sheet
Executive Summary
BIOLASE announces Jan. 25 it has signed a definitive licensing agreement with Procter & Gamble to provide P&G with intellectual property for use in consumer products. P&G paid the Irvine, Calif.-based firm an upfront fee of $3 mil. The definitive licensing agreement says P&G will pay BIOLASE royalties based on product sales, milestone payments and quarterly payments of $250,000 until the first product is launched, the company says. BIOLASE's LaserSmile system uses a laser to perform soft tissue and cosmetic procedures, including teeth whitening...
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