other material
confidence high
sentiment positive
materiality 0.80
Arcadia Biosciences enters agreement to receive $750,000 and transfer certain patent assets
Arcadia Biosciences, Inc.
- A third party agreed to pay Arcadia $750,000 as part of the agreement.
- The third party transferred back to Arcadia all rights and materials related to certain intellectual property and traits previously licensed.
- Arcadia transferred its reduced gluten and oxidative stability granted patents and pending applications to the third party.
- The parties amended a prior agreement to eliminate any future product royalty obligations payable to Arcadia.