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Reckitt Benckiser Group Plc Announces Completion Of Latam Otc Collaboration Agreement With Bristol-Myers Squibb Company


Monday, 20 May 2013 02:00am EDT 

Reckitt Benckiser Group Plc announced that the three year collaboration agreement signed with Bristol-Myers Squibb Company on February 10, 2013 has been completed and that regulatory approvals, including anti-trust approvals in the relevant jurisdictions, have now been obtained. The terms of the agreement include the transfer of personnel, supply contracts and an option to acquire legal title to the related intellectual property at the end of the collaboration period, based on business performance. Reckitt Benckiser will account for the transaction as a business combination. 

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17 Apr 2014