Hi All,
Today OBJ took a major leap forward with its “Multi Product “ announcement. I wonder if anyone has really given thought to the first paragraph –
OBJ Limited (OBJ or the Company) is pleased to announce that OBJ and Procter and Gamble (P&G), the world’s largest consumer products company, have entered into a suite of agreements including a multi-product development agreement (PDA) and an initial licensing agreement (Initial Licence) that sets the course to commercialize OBJ’s magnetic micro-array technology.
The way that I read this is that a product is not too far away, who knows, maybe tomorrow. Multi product, multi categories and covering 7 of P&G’s “MAJOR” product categories, what other bio can claim this as a first “Partner deal”. Having 3 funded work plans for products to be developed under the PDA and Royalty payments payable to OBJ on further Licensed Products
This is just mind blowing. One can only imagine what an agreement from GSK would be like……
Of course we mustn’t forget that –
In addition to the three product development work plans integral to the agreement package, four additional product development programs have been proposed by P&G and are currently being evaluated by OBJ
This truly is our day to shine …..
Good luck and best wishes to all OBJ’ers
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