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22nd Century ( (XXII) ) has shared an announcement.
22nd Century Group, Inc. has struck a deal with North Carolina State University to settle its intellectual property and research obligations through 2025 with a transaction exceeding $1.2 million. This agreement, payable in cash or company stock over three installments, ensures the company covers all related patent, royalty, and sponsored research costs. The move aligns the university with the tobacco firm’s mission to reduce nicotine addiction through its VLN® cigarettes, which contain 95% less nicotine, and it reinforces 22nd Century Group’s commitment to nicotine harm reduction.
For detailed information about XXII stock, go to TipRanks’ Stock Analysis page.
