MMRGlobal (OTC:MMRF) said Wednesday it received a proposal by business management services company Surgery Center Management to license the company’s health information technology patents for $30 million, plus royalties.
The California-based company gained 1.6 cents, or 41.03 percent, to reach 5.5 cents today on the OTC.
Under the terms of the proposed agreement, MMR would issue a limited non-exclusive sub-licensable license for the company’s portfolio of health information technology patents.
Among the patents included are the company’s personal health record product line, and its electronic document management and imaging systems.
Surgery Center Management, which is privately-owned, provides general management, legal services, human resource development and medical billing and collection services.
The offer, which excludes the company’s biotech assets and intellectual property that it has spent over $100 million in development, is subject to the signing of a definitive licensing agreement.
MMR acquired these biotech assets through a reverse takeover of Favrille in 2009. The company said it is working to license these patents to universities and to biotech companies, among others.
MMRGlobal is a provider of secure and easy-to-use online personal health records (PHRs) and electronic safe deposit box storage solutions. It serves consumers, healthcare professionals, insurance companies and financial institutions.
No comments:
Post a Comment