Biohit corporation initiates arbitration proceedings concerning a breach of the license agreement
Biohit Oyj Stock Exchange Release May 17, 2021 at 06.30 local time (EEST) Biohit Oyj's shareholder Biohit HealthCare (Hefei) Co. Ltd is the exclusive distributor of Biohit Oyj's Gastropanel products in China. In this connection, a dispute has arisen between the companies regarding the application of the license agreement concluded between the companies. Biohit HealthCare (Hefei) Co. Ltd has not paid royalties to Biohit Oyj in accordance with the distribution and licensing agreements. In order to resolve these and certain other controversies and claims related to the license