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Haemacure and Angiotech Enter License, Distribution and Supply Agreements for Haemacure's All-Human Fibrin Sealant and Thrombin Products
Date:6/3/2009

ected surgical indications. The distribution agreement has a term of ten years from the date on which Haemacure receives approval for its fibrin sealant from the United States Food and Drug Administration (FDA) or similar regulatory approval in other countries. Angiotech has an option to renew the agreement for an additional five years, subject to certain performance adjustments. - Drug-Loaded Fibrin Sealant License and Development Agreement. Haemacure and Angiotech have entered into a license and development agreement under which they have agreed to jointly develop and commercialize a next-generation, drug-loaded fibrin sealant product candidate. Angiotech and Haemacure will collaborate to create novel fibrin sealant technologies that, in addition to fibrin sealant's inherent hemostatic properties, may target the prevention of infection, reduce pain, or deliver stem cells using Haemacure's fibrin sealant as a carrier of such therapies. Haemacure and Angiotech will conduct research, with each contributing key personnel, technology and intellectual property. Collaboration costs and eventual profits will be shared on a pro rata basis, based on each company's contribution to collaboration costs. This term of the agreement will expire on a collaboration product-by- collaboration product basis upon the later of 15 years after the first commercial sale of such collaboration product, and the last-to-expire valid patent claim applicable to such collaboration product. - Thrombin License and Supply Agreement. Haemacure and Angiotech have entered into an exclusive license and supply agreement under which Haemacure will supply its proprietary human thrombin to Angiotech for the development of a certain Angiotech preclinical product candidate. The agreement has a term of ten years from the first commerci
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SOURCE HAEMACURE CORPORATION
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