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Interleukin Genetics and Alticor Agree on Expansion of Distribution Channels for Genetic Tests
WALTHAM, Mass., Sept. 4 /PRNewswire/ — Interleukin Genetics, Inc. (Amex: ILI), and Access Business Group International LLC, a division of Alticor Inc., have reached an agreement that will increase access to all intellectual property related to genetic tests jointly developed by Interleukin Genetics and Access Business Group under their research agreements. In turn, this will permit the expansion of Interleukin Genetics’ distribution network for such genetic tests. Under the agreement, Access Business Group’s existing license to the Interleukin Genetics’ intellectual property will become non-exclusive.Interleukin Genetics will have the right to brand, market, sell and distribute all genetic tests developed using its existing and future intellectual property, either itself or through additional third party licensees. Access Business Group will continue to distribute the Heart Health and General Nutrition genetic tests under the Gensona(R) brand name. The agreement will continue to allow Interleukin Genetics to have exclusive ownership of all inventions relating to genetic tests arising from research programs between the companies.
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