Enter agreement under which Wright will provide OsteoBiologics with "development funds" over two-and-one-half years for "products including an arthroscopic device for evaluating the quality of articular cartilage and an osteochondral implant designed to repair damaged cartilage," Wright says. In exchange, Wright will receive "long-term rights to distribute these products...on an exclusive, worldwide basis." In addition, Wright will acquire warrants enabling the firm to obtain up to 34% of OsteoBiologics' outstanding common stock
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