Avidus acquires Truestar Health Avidus Administration Group Inc. is very happy to announce that additional to its news discharge of July 16, 2014, it has finished the acquisition of considerably all of the property of Truestar Wellness Inc. , a Toronto centered network-marketing business http://dmae.review/ . Beneath the conditions of the Asset Buy Agreement, Avidus finished the Acquisition for an aggregate price of CAD$6 million. CAD$500,000 of the price was paid upon closing of the Acquisition and the rest of the CAD$5.5 million will be paid based on a 5 percent royalty override on Truestar's revenue. Avidus can pay for existing Truestar inventory as products can be purchased.
Today the initiation of a Phase 3 jointly announced, multi-center, randomized, managed evaluation to review accelerated corneal collagen cross-linking in eye with corneal or keratoconus ectasia after refractive surgery. ACOS is usually sponsoring the study, which will be conducted in 100 medical centers over the United States. Slade, MD, President of ACOS stated, In the lack of any FDA authorization for corneal cross-linking, ACOS is normally delighted to partner with Avedro upon this clinical study that allows keratoconic and ectasia patients across the USA to get treatment from leading ophthalmic surgeons utilizing a uniform treatment process and the most today highly-developed technology available.