BIOSIGN TECHNOLOGIES AMENDS DynamiCARE AGREEMENT
TORONTO, March 28 /CNW/ - Biosign Technologies (TSXV: BIO) ("Biosign") and DynamiCARE AG have replaced their exclusive master distribution agreement announced on July 2, 2010 with a similar but non-exclusive distribution agreement. Under the revised agreement, DynamiCARE will have nonexclusive distribution rights to resell Biosign products in Germany, France, Switzerland, and Austria and will not be required to pay the $2.5million milestone payment or achieve the volume commitments that were required in the previous agreement to maintain exclusivity. This modification to the DynamiCARE agreement enables Biosign to move forward with other multinational distribution partners in Europe. MORE>>
