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Danone Licenses Probiotics Technology From Probi

July 29, 2010: 08:24 AM EST
Probiotics developer Probi has signed a 10-year agreement giving exclusive rights to Danone affiliates to use Probi’s Lp299v technology in probiotic fruit drinks and fruit juices for gut health outside North America. Danone also agreed to acquire 51% of ProViva AB from Skånemejerier. According to the company, Probi will receive a downpayment from Skånemejerier before the end of the year for rights granted by Probi and possible future milestone payments depending on regulatory approval of health claims. “This is a long term collaboration with Danone which will secure revenues from our existing Swedish franchise and establish a potential for international growth,” Probi said.
Probi, "Probi signs ten year license agreements with Danone", Press Release, Probi, July 29, 2010, © Probi
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