Ceribell exercises option to extend Stanford license exclusivity through patent expiration for $250K

Ceribell, Inc.

Exercised option on June 12, 2025 to extend exclusive license for brain wave detection devices.
Pays $250,000 exercise fee; remaining $20,000 waiver triggered.
Exclusivity now runs through expiration of the last licensed patent, removing June 2025 sunset.
No further milestone payments are due under amended agreement.
License covers four Stanford inventions from Parvizi and Chafe labs.

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