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Grant Life Sciences (GLIF.OB) Extends Through September 2006 Its Memorandum of Understanding (MOU) With Diagnostic Technology Pty. Ltd.


7/11/2006 4:28:26 PM

MOU, Announced in April 2006, Includes Payment of $250,000 to Grant Upon Successful Completion of DTL's Due Diligence and Signing of a Licensing Agreement, Plus Ongoing Royalties Upon Commercialization of the Resulting Product; Also, DTL Would Conduct and Fund All Development Costs, Including Clinical Trials, Associated With the Commercialization of the Products Developed From Grant's Cervical Cancer Diagnostic Technology

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