12 Sep Monash license agreement changes
A number of positive changes have been made to the key licence agreement with Monash University (which grants 4Dx rights to commercialise this technology in exchange for royalty payments).
Most notable among these changes is that the funding threshold for assignment of patents has been lowered to A$6.5 million from A$10 million. Once this lower threshold has been met, all of these patents will be permanently and irrevocably handed over to 4Dx – the royalty, however, will remain.
Other changes reduce restrictions for 4Dx to sub-license the technology to other companies.