SmithKline gains worldwide rights to bioactive ceramic material for use in toothpaste.
This article was originally published in The Rose Sheet
Executive Summary
SMITHKLINE ACQUIRES BIOGLASS BIOACTIVE CERAMIC RIGHTS FOR DENTIFRICES from Ridgefield, N.J.-based U.S. Biomaterials. Under the agreement, SmithKline Beecham would make initial and milestone payments totaling $12 mil., as well as pay royalties on sales of toothpaste products employing Bioglass, USB announced April 21. SmithKline would receive exclusive worldwide rights to use the bioactive ceramic material in certain oral care applications.