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Subsequent Events
9 Months Ended
Jun. 30, 2011
Subsequent Events

I. SUBSEQUENT EVENTS

 

On July 19, 2011 the Company announced that it has expanded the licensing agreement with Teva Pharmaceutical Industries Ltd. for Multikine. Under the agreement, Teva’s exclusive license to market and distribute Multikine in Israel and Turkey will be extended to include Croatia and Serbia. Teva is currently funding a part of the global Phase III clinical study at three clinical sites in Israel. Teva will be responsible for the costs of registering and selling the product in Serbia and Croatia and will pay the Company milestone payments upon approval of Multikine. The parties will share revenue generated from all four countries.