Oct 31 (Reuters) - Hungary’s Richter
* Entered into exclusive license and distribution agreement with U.S.-based Prima-Temp Inc. to sell ovulation predictor product PriyaRing.
* License and distribution agreement excludes U.S. and Canada.
* Agreement includes acquisition of a minority stake in Prima-Temp Inc. for $5 million.
* Richter to make upfront payment upon signature of agreement, further milestone payments and sales royalties will be payable to Prima-Temp Inc. after launch of the product. Further company coverage: (Reporting by Gergely Szakacs, editing by Louise Heavens)