Abundance International Establishes Chemicals Distribution Company

MT Newswires

03/13

Abundance International (SGX:541) established a new subsidiary, Abundance Specialty Chemicals, according to a Friday filing with the Singapore Exchange.

The subsidiary's main activities will be the distribution and trading of chemicals, chemical products and chemicals derived products.

Abundance Specialty has also entered into a license agreement with Molecular Targeting Technologies to develop and commercialize formulation of CypH-11, which detects viable tumor cells.

Under the agreement, Abundance Specialty will pay an upfront license fee of $125,000 and then an additional payment of $125,000.

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