June 29 (Reuters) - biOasis Technologies Inc BTI.V :
* BIOASIS AND CHIESI GROUP ANNOUNCE RARE DISEASES STRATEGIC ALLIANCE
* BIOASIS TECHNOLOGIES - UNDER TERMS OF AGREEMENT, CO WILL RECEIVE AN UPFRONT PAYMENT OF $3 MILLION
* BIOASIS TECHNOLOGIES - UNDER AGREEMENT, WILL RECEIVE ADDITIONAL POTENTIAL MILESTONE PAYMENTS OF UP TO $138 MILLION & ROYALTIES ON LICENSED PRODUCTS SALES