Ainos completes VELDONA technology transfer, triggers $600,000 license payment
AIMD•Ainos completed data delivery and technology transfer under its VELDONA license agreement, triggering a $600,000 initial payment due within 15 business days.
1. Payment triggered
The partner confirmed completion in writing on Sept. 29, triggering the initial $600,000 license payment, which is due within 15 business days. The payment is part of a previously disclosed licensing framework with up to $10 million in potential payments; Ainos is also entitled to 25% of net sublicensing revenue.
