PURE Bioscience signs agreement with Richmont Sciences

PURE Bioscience, a provider of pharmaceutical water purification products, has entered into an agreement with Richmont Sciences, LLC, for the marketing and sale of its new anti-bacterial, anti-viral, and anti-fungal hard surface disinfectant and its active ingredient. Both the companies are based in the US.

Under the agreement, Richmont would become an exclusive direct sales and marketing arm for PURE Bioscience, to initially focus on marketing of PURE's silver dihydrogen citrate (SDC)-based surface disinfectant under the brand name 'IV-7 Ultimate Germ Defense(TM).' Following the completion of remaining federal and state regulatory work, Richmont would also market PURE's sanitizer for surfaces touched by food. In addition, Richmont would sell SDC concentrate as an active ingredient and as a preservative.

PURE expects to recognize the revenues for products sold under the agreement and to pay marketing fees to Richmont based upon those revenues.

Deal Type    Partnership
Sub-Category Marketing,Sales
Deal Status  Announced: 2009-10-14

Deal Participants

Partner 1 (Company) Pure Bioscience
Partner 2 (Company) Richmont Sciences, LLC

Related terms: defense, federal, food, market, marketing, partnership, pharmaceuticals, products, sales, silver, water