RE: sp24 Apr 2020 19:52
There are 2 different agreements (not SPLITS) with By-Health.
1/ "The Company (PXS) has previously announced it was working with DSM and BY-HEALTH Co., Ltd (‘By-Health’), a
listed Chinese dietary supplement business valued at approximately £3bn, to support the planned launch of a
number of Fruitflow based products in the Chinese market."
Hopeful outcome, By-Health get Blue Cap and release products into the Chinese market after purchasing Fruitflow and/or Fruitflow products from DSM. Profit share between DSM and PXS.
2/ "In August 2019 the Company (PXS) was delighted to announce it had signed an open-ended collaboration agreement
with By-Health, in support of By-Health’s planned launch of Fruitflow based products in the Chinese market.
Project work will be managed and conducted by Provexis primarily in the UK, with the first project agreed
concentrating on the use of Fruitflow with nitrates in exercise, an area of considerable commercial interest to
By-Health. The agreement further strengthens the close relationship between By-Health and Provexis."
Hopeful outcome, By-Health pay PXS for project work carried out by Provexis. By-Health get Blue Cap and release products into the Chinese market after purchasing Fruitflow and/or Fruitflow products from DSM. Profit share between DSM and PXS.
That,s how I see it anyway and no mention of a 3 way split.
https://provexis.org/wp-content/uploads/2019/12/PXS_2019-11_Provexis_plc_30-Sep-19_interims_31-Dec-19.pdf