other
confidence high
sentiment positive
materiality 0.60
Organovo settles patent disputes with BICO; receives $1.5M upfront and ongoing royalties
VivoSim Labs, INC.
- BICO will pay Organovo $1.5M upfront plus ongoing low-to-high single-digit % royalties on net sales of licensed products.
- All civil actions and IPR proceedings between the parties dismissed and terminated.
- BICO receives worldwide non-exclusive license to Organovo's foundational bioprinting patent portfolio.
- License covers all BICO brands and is perpetual until last patent expires; customary termination provisions included.