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Amphion Partner WellGen Inks Licence Agreement with Sportables

Awardee Story Amphion Partner WellGen Inks Licence Agreement with Sportables
Date: Jan 01, 2019
Author: Elena Cherubini
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LONDON (Alliance News) - Amphion Innovations PLC on Monday said its investee company WellGen Inc ...
Alliance News
21 January, 2019 | 12:35PM
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LONDON (Alliance News) - Amphion Innovations PLC on Monday said its investee company WellGen Inc signed a licence agreement with beverage companies Sportables LLC and One11 Innovation.

Under the terms of the deal, WellGen will receive 11% of the profits derived from the commercial development and sale of its Workout Tea, a novel beverage based on an ingredient derived from a black tea extract claimed to be an anti-inflammatory.

Amphion has a 27% equity interest in WellGen.

Amphion shares were untraded at 0.65 pence each on Monday.

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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