China’s Shandong Yaohua Medical Instrument has in-licensed exclusive Greater China rights to the LuViva® Advanced Cervical Scan from Guided Therapeutics. Guided is an Atlanta-based maker of rapid tests based on its patented biophotonic technology. In addition to an earlier payment of $50,000, Shandong Yaohua will pay a $1 million license fee and buy a minimum of ten LuViva® Advanced Cervical Scan devices in 2017, plus pay royalties for disposables. In return, Guided will issue $1 million in common stock to Yaohua. Yaohua will manufacture the device for itself and for Guided’s global use.
