Oculus Innovative Sciences (OCLS) Sells Latin America Business for Over $19.5M
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Oculus Innovative Sciences Sells Latin America Business to Invekra S.A.P.I. de C.V. for $19.5 Million in Cash
October 31, 2016 4:05 PM EDTTotal cash consideration for sale of Latin American business (which is 30% of current Oculus revenue) exceeds Oculus current market capitalization of $17 million U.S.Transaction further includes a 10-year annual payment of 3% on Latin American sales (excluding Mexico) with a minimum of $250,000 year Business Update Conference call to be held Tuesday, November 1, 2016 at 9:00 am EDT
PETALUMA, Calif., Oct. 31, 2016 (GLOBE NEWSWIRE) -- Oculus Innovative Sciences, Inc. (NASDAQ: OCLS, warrants OCLSW), a specialty pharmaceutical company that develops and markets solutions for the treatment of dermatological conditions and... More
