Development agreement signed
BioView Ltd. and Abbott have entered into a joint development agreement. Under terms of the agreement, Abbott plans to develop FISH probes for Research Use Only (RUO) and in-vitro diagnostic (IVD) purposes worldwide and BioView will develop software and software applications for the automated imaging of the FISH probes on the BioView Duet family of systems. The products resulting from this joint development will be marketed and sold by Abbott in accordance with the Distribution Agreement between the Companies established in July, 2013. Each party will bear its own costs for Assay development (Abbott) and Software development (BioView), unless agreed otherwise.