Biocept Signs CNSide Licensing Agreement with Plus Therapeutics (Businesswire)
"Biocept, Inc...announces the signing of a non-exclusive licensing agreement for CNSide™ with Plus Therapeutics, Inc...which expands the comprehensive laboratory services agreement between the two companies that was announced in June 2022....This new agreement allows for Plus to perform CNSide testing during its clinical trials and commercially, subject to regulatory approval....Plus will pay Biocept an upfront fee of $150,000 in stock, plus $6,000 per CSF tumor cell enumeration analysis performed in Biocept’s CLIA-certified and CAP-accredited laboratory prior to the completion of the technology transfer. Once the technology transfer is complete, Plus will pay Biocept $300,000 plus fees on a sliding scale starting at $2,800 for each CNSide test they perform. The license agreement also gives Plus the option to negotiate for third-party exclusivity with a $1,000,000 payment to Biocept."