Ceribell Inc. has announced a significant development in its ongoing collaboration with The Board of Trustees of the Leland Stanford Junior University. The company has exercised an option to extend its exclusive license for certain portable brain wave activity devices, under the Stanford Agreement. This decision, formalized in Amendment No. 4, allows Ceribell to maintain exclusivity through the expiration of the last-to-expire licensed patent. To secure this extension, Ceribell has agreed to pay an option exercise fee of $250,000. This strategic move reinforces Ceribell's commitment to advancing its innovative medical technologies in partnership with Stanford.
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