INND - InnerScope Hearing inks LOI to license Audio Cardio sound therapy tech
InnerScope Hearing Technologies ([[INND]] +0.6%) has signed a Letter of Intent Agreement ((LOI)) with Audio Cardio for the worldwide license for full commercial rights to develop, market, and sell an InnerScope branded subscription-based mobile app utilizing AudioCardio's proprietary software.The LOI, which excludes rights in Japan, Korea, and China, requires the companies to execute a material definitive agreement within 60 days.AudioCardio will also grant the rights for InnerScope to market and resell the AudioCardio Hearing Training sound therapy mobile subscription-based app in any country (excluding Japan, Korea, and China) through its various retail distribution channels and websites.
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InnerScope Hearing inks LOI to license Audio Cardio sound therapy tech