Key Developments: Innovaro Inc (INNI.PK)

INNI.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Innovaro Inc Completes Sale Of Operating Divisions
Wednesday, 12 Sep 2012 01:15pm EDT 

Innovaro Inc announced that it has completed the sale of its PharmaLicensing/Transfer, Global Licensing and Knowledge Express operating divisions to IP Technology Exchange, Inc., which will focus on expanding the divisions and extending the business model for licensing partnerships and new market opportunities. The sale was effective as of August 31, 2012. The sale price of the operating divisions and related assets is $2 million, to be paid in installments until September 2014. A separate partnering agreement provides a commission for client leads provided by Innovaro to IP Technology Exchange, and vice versa. Innovaro plans to work closely with IP Technology Exchange on potential innovation needs for IP Technology Exchange’s clients.  Full Article

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