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Applied DNA inks multiyear deal with textile outfit GHCL Limited; shares ahead 9% premarket

Published 07/11/2017, 08:43 AM
© Reuters.  Applied DNA inks multiyear deal with textile outfit GHCL Limited; shares ahead 9% premarket
APDN
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  • Thinly traded nano cap Applied DNA Sciences (NASDAQ:APDN) is up 9% premarket, albeit on only 350 shares, on the heels of its announcement that it signed a multiyear license agreement with home textile maker GHCL Limited to provide CertainT platform services in selected products.
  • GHCL will use CertainT in source-verified polyethylene terephthalate (PET) and recycled PET in blended bed sheets, pillowcases and shams sold in-store or online in the U.S. It has also licensed the CertainT trademark to be used on products and in promotional materials.
  • The deal specifies minimum annual revenues and trademark licensing royalties to APDN. Specific financial terms are not disclosed.
  • Now read: Enanta To Retain Momentum On The Back Of Upcoming FDA Decision


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