Bactiguard Holding AB (publ) entered an agreement to initiate a global development partnership with Dentsply Sirona in the dental field, a new application area for the Bactiguard technology. The initial development phase, which is expected to last approximately one year, can generate USD 0.9 million in development and milestone related revenues for Bactiguard. Thereafter, the partnership can evolve into a license agreement, with conditional milestone-related payments of USD 1.1 million linked to regulatory approvals.

In line with Bactiguard's current licensing agreements, the agreement with Dentsply Sirona would also generate royalties on sales revenue following commercialization. The development agreement initially addresses a segment of the dental treatment market that according to Clarivate, Millennium Research Group inc was valued at USD 1.2 billion in 2020.