May. 21 at 5:55 PM
Genvor Inc. (OTCQB:
$GNVR ) Chief Executive Officer Chad Pawlak, Sr. recently presented at the Second Annual Centri Capital Conference at Nasdaq MarketSite, hosted by Centri Business Consulting. In this clip, he announces the company's first commercial licensing MOU.
Genvor is a B2i Digital Featured Company (https://b2idigital.com/genvor-incorporated-1) that designs and licenses proprietary peptide sequences for agriculture and human health. For more information, visit https://www.genvor.com and follow Genvor on LinkedIn.
"This morning we had a press release that went out and we signed our first MOU on a commercial pathway for five peptides with a company called CanLabs. They've come to us and said, we want you to design up to 20 sequences that will be unique to us in this MedSpa physician space," Pawlak announced, marking Genvor's first commercial licensing deal.
The economics and structure of the Canlab International MOU and the Platform Licensing Model arrangement:
• The financial structure is
$1 million per sequence or 11% royalty on net sales, whichever is higher on an annualized basis, for CanLabs to maintain exclusivity on each sequence.
• Initial scope covers five sequences with a path to 20, representing a potential annual sequencing opportunity of up to
$20 million annual sequencing opportunity before royalties on product sales.
• The MedSpa and physician channel is a commercially active market today, which allows Genvor to generate revenue while the agricultural business continues to develop through longer regulatory and commercialization cycles.
• The deal validates the platform’s commercial flexibility: in agriculture, Genvor’s licensing-first model puts validated peptide technology into the hands of Tier-1 partners, while in human health and wellness, the same platform supports both licensing arrangements like Canlab International and direct-to-consumer programs in development.
Watch the full presentation, courtesy of Centri Business Consulting: https://youtu.be/BSYxwOnxZmM
Genvor is led by Chief Executive Officer Chad Pawlak, Sr., with co-founders Dr. Jesse Jaynes and Dr. Clayton Yates, whose peptide sequence design work dates back to the 1970s. George Stavrides serves as Executive Vice President of Business Development and Commercialization.
For additional details, please visit the Investors section of Genvor's website at: https://www.genvor.com. For investor inquiries, contact
[email protected].
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