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MultiCell terminates license agreement with XenoTech
By Lisa Kerner
Erie, Pa., Feb. 6 - MultiCell Technologies, Inc. terminated its license agreement with XenoTech LLC prior to the end of the original seven-year term of agreement, according to a news release.
MultiCell had granted a license to XenoTech to practice inventions and use and sell products and services included in MultiCell's intellectual property related to immortalized human hepatic cells and cell lines.
MultiCell terminated the agreement due to the failure of XenoTech, with due notice, to cure various breaches within the time allotted by the agreement, the release said.
MultiCell engages in the development and commercialization of hepatic cells, cell lines and associated products for use in diagnostic and therapeutic applications. The company is based in Lincoln, R.I.
XenoTech is a drug metabolism research company based in Lenexa, Kan.
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