After holding EMS shares for approx 10 years you would think that I should be fully aware of the relationship with PP or LP but unfortunately my knowledge is somewhat hazey with regards to who actually holds the IP for ArTiMist and the subsequent relationship between the parties.
I seem to recall that PP or LP hold the IP for ArTiMist and EMS have secured / acquired / purchased the rights to develop and obtain approval for ArTiMist. Does this mean that after a successful phase 3 and assuming an ensuing trade sale that royalties or a one of payment or percentage payment is made to PP / LP ? Part of my confusion comes from the fact that PP were engaged to carry out the field trials which I am sure was part of the original tie up with the common director the late Donald Sims, who was the driving force behind ArTiMist in the first place.
I would appreciate some clarification.
Regards
kippax
EMS Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
