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Under the agreement, Richmont would become an exclusive direct sales and marketing arm for PURE Bioscience, to initially focus on marketing of PURE's silver dihydrogen citrate (SDC)-based surface disinfectant under the brand name 'IV-7 Ultimate Germ Defense(TM).' Following the completion of remaining federal and state regulatory work, Richmont would also market PURE's sanitizer for surfaces touched by food. In addition, Richmont would sell SDC concentrate as an active ingredient and as a preservative.
PURE expects to recognize the revenues for products sold under the agreement and to pay marketing fees to Richmont based upon those revenues.
Deal Type Partnership Sub-Category Marketing,Sales Deal Status Announced: 2009-10-14
Deal Participants
Partner 1 (Company) Pure Bioscience Partner 2 (Company) Richmont Sciences, LLC
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