Feb 25 (Reuters) - aXichem AB (publ) AXIC.ST :
* AXICHEM AND CANADIAN BASED IOVATE SIGN LETTER OF INTENT REGARDING DEVELOPMENT AND COMMERCIALIZATION OF AXIVITE, AS INGREDIENT IN WEIGHT MANAGEMENT SUPPLEMENT
* AGREEMENT ALSO AIMS TO PROVIDE IOVATE WITH AN EXCLUSIVE LICENSE TO SELL NEW PRODUCT ON U.S. MARKET.
* LOI IS VALID UNTIL 1 JANUARY 2021