Luoda is pleased to announce that on 14 December, it signed a partnership with a major animal health company for the research and development of a patented treatment for bovine mastitis. The commercial terms of this partnership agreement are confidential. This is the second major agreement with a major pharmaceutical company that Luoda has signed within 12 months. As a product with enormous potential, the opportunity to commercialise its achievements in the field of mastitis treatment as an extremely positive development and a fitting end to a very successful year for the company.