commercialisation plan progress, page-14

@greenshore,

All I could find was this on the Tissue Therapies website,

"Tissue Therapies has a worldwide exclusive license to commercialise VitroGro? through an Intellectual Property License Agreement with Queensland University of Technology."

http://www.tissuetherapies.com/alliances/

and this from QUT's website,

"bluebox aims to bring the benefits of QUT's research discoveries to the global market via the identification, protection and commercialisation of intellectual property. As such, bluebox is responsible for managing the intellectual property assets of QUT and works with the university's researchers in the recognition, safeguard and management of QUT's innovations through the use and creation of licensing agreements, start-up companies and industry affiliations."

http://www.qutbluebox.com.au/tech_com/index.jsp

'Bluebox' is QUT's commercialisation arm, so I imagine TIS would have some form of licensing agreement in place with QUT through them. I've never read the terms anywhere, maybe someone on the forum has seen them in a previous announcement and can post a link. It's also possible that the terms may in fact be commercial in confidence.

With regards to the other issue regarding the announcement, I'm leaning with Risingashes assessment of this one. Very little detail of the progress of negotiations is given and the statement appears deliberately vague with regards to any milestones being achieved.

In fact I would suggest that if they are still talking with 'multiple parties' than they are really months from formalising any agreement with one single party because the selection process hasn't even finished yet and from there I imagine they'll move onto the finer horse trading and then finally onto legal.

Whether or not they decide to make an announcement regarding the terms of any agreement prior to the final sign off is up to company management however I think that would be premature and could potentially jeopardise any ongoing negotiation as well as potentially mislead the market if there were any subsequent changes.

Anyone who has ever worked in an office before knows just how slow these things can move, weeks can turn into months in no time! lol