Scandinavian Clinical Nutrition AB (SCN) has entered into a standstill agreement with PhytoLab Solutions, Inc., part of the Lifequest group, which extends their option to acquire the SCN subsidiary with the exclusive rights to the immune product...Acquisition Option Agreement • December 10th, 2008
Contract Type FiledDecember 10th, 2008SCN has previously granted the American company PhytoLab Solutions, Inc., which is part of the Lifequest group, a world-wide exclusive license for sales of Immulina through a partnership agreement. To maintain exclusivity, PhytoLab Solutions has paid a total of USD 2.5 million in cash in license fees to SCN, of which the last installment was paid in December, 2007.