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Misonix has signed an $11 million licensing and exclusive manufacturing agreement with Hunan Xing Hang Rui Kang Bio-Technologies for the SonaStar ultrasonic aspiration product line in China, Hong Kong and Macau. Misonix will receive $5 million upfront plus royalties.
Misonix entered into a license and exclusive manufacturing agreement with Hunan Xing Hang Rui Kang Bio-Technologies Co., Ltd. for its SonaStar product line in China, Hong Kong and Macau, with payments totaling a minimum of $11 million.