Someone please correct me if I'm wrong, but I believe HYD bought the distribution rights to the 7 or so jurisdictions (aus, nz, Singapore, hk, Thailand, Malaysia, Japan?) from the rights holder, for a chunk of HYD shares and $500k cash. There may also be further payments due when certain milestones are met.
Hyd does not share profit with angel medical in the us, but we own about 3% of the company.
It's been a while since I've reviewed the above info, but seems about right. Dyor.
News: HYD Hydrix Says On Track For Cardiac Product Sales In H1 Fy22, page-36
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