PKS Holdings’ Transformational Agreement with Abbott Laboratories

  • Nov 19, 2019 AEDT
  • Team Kalkine

PKS Holdings Limited (ASX: PKS), an Australian healthcare company, has executed an agreement with Abbott Laboratories to improve and extend the Abbott Software License and Distribution Agreement.

Key highlights of the improved commercial terms:

  • The addition of a new volume based-license mechanism which measures the number of patient episodes and charges additional recurring licensing based on the total customer episodes;
  • The growth in the commercial licensing pricing to address CPI since inception (April 2016);
  • Extension of the Term to 30 April 2022, with an automatic 2-year renewal period, subject to 6-month prior notice.

At AEST 12:59PM, the stock was trading at $0.175 per share, up by 2.9% from its previous close.

 

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