EXACT Sciences Corporation and NorDiag ASA Announce International Collaboration and License Agreement for Colorectal Cancer

MARLBOROUGH, Mass. & OSLO, Norway--(BUSINESS WIRE)--EXACT Sciences Corporation (NASDAQ: EXAS) and NorDiag ASA (OSE: NORD) announced today that they have entered into a collaboration and a non-exclusive license agreement to advance the development and commercialization of colorectal cancer (CRC) screening technologies outside the U.S. and Canada. Under the terms of the agreement, EXACT Sciences has extended a non-exclusive license to its proprietary DIA® (long-DNA) technology and related know-how to NorDiag for commercializing CRC screening tests in Europe, Japan and Australia. The collaboration and license also includes the right to develop an in vitro diagnostic test kit as well for these markets. In exchange, NorDiag will pay a licensing fee and royalties to EXACT. Financial terms were not disclosed.