Bio-Works signs licensing agreement with Amicogen Inc to establish local manufacturing of agarose resins in South Korea
· Bio-Works Technologies AB has signed a licensing agreement with Amicogen Inc to establish local production of agarose resins in South Korea · The contract provides up-front and milestone payments of $5 million USD and royalty payments thereafter on Amicogen’s net sales · Bio-Works existing sales in South Korea are less than 1 million SEK per year, which means that the deal is overwhelmingly positive in terms of revenue and financial outcome for 2021The agreement entails a technology transfer from Bio-Works to Amicogen to establish in-country production of chromatography products in