- Innovet to receive non-refundable sum of $500,000 which is payable on the effective date of the agreement and a second non-refundable sum of $250,000 which is payable on the first anniversary of the effective date of the agreement
- Within 30days, post first notification of the FDA on NDA’s approval of the first licensed product, Innovet will receive an additional nonrefundable sum of $750,000 along with royalties. Additionally, Innovet to receive 14% of any one-off lump sum payments for granting a sub-license to a third-party with respect to a licensed product
- FSD gets an exclusive WW license to develop & commercialize drugs using ultra-microPEA for GI diseases in canines and feline. FSD to develop the licensed products and submit an IND to the FDA within 36mos. and NDA within 60 mos.
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