Interleukin Genetics Inc, a genetics-focused personalized health company, and Access Business Group International LLC, a division of Alticor Inc, said that the two companies have entered into a partnership to increase access to all intellectual property related to genetic tests jointly developed by the partnership. The partnership will enable the expansion of Interleukin Genetics' distribution network for such genetic tests. Access Business Group's existing license to the Interleukin Genetics' intellectual property will become non-exclusive.
Interleukin Genetics will be provided with the right to brand, market, sell and distribute all genetic tests developed using its existing and future intellectual property, either itself or through additional third party licensees. In return Access Business Group will continue to distribute the Heart Health and General Nutrition genetic tests under the Gensona brand name. Additionally, the agreement will continue to allow Interleukin Genetics to have exclusive ownership of all inventions relating to genetic tests arising from research programs between the companies.
Tuesday, September 09, 2008
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