Pharma Industry
Industry: Email Alert RSS FeedDAYNAMO SEMI RIDGID ROD SYSTEM LICENSE TERMINATED.
Biotech Equipment Update, June, 2008
Alphatec Holdings, Inc. (Nasdaq:ATEC), Carlsbad, Calif., a medical technology company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders, has announced that Alphatec and Scient'x, S.A. have mutually terminated Alphatec's license from Scient'x of intellectual property related to the DYNAMO(tm) Semi Rigid Rod System. Terms of the termination include a repayment of the initial $2.6 million license fee originally paid to Scient'x and a full repayment of inventory that Alphatec will return to Scient'x.
"I am pleased that we were able to come to this agreement with Scient'x as it allows Alphatec to focus on our mission of being the leading independent spinal company in the world by focusing on...
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