Aug 3 (Reuters) - Neovasc Inc NVCN.TO :
* NEOVASC ANNOUNCES COLLABORATION AND LICENSING AGREEMENT WITH PENN MEDICINE AND THE GORMAN CARDIOVASCULAR RESEARCH GROUP
* NEOVASC INC - AGREEMENT DOES NOT IMPACT EITHER PENN OR NEOVASC'S PATENT RIGHTS
* NEOVASC - COLLABORATION AND LICENSING AGREEMENT CONTEMPLATES PERIOD OF COLLABORATION OVER NEXT 4 YEARS WITH FEES BEING PAID BY NEOVASC TO PENN
* NEOVASC INC - AGREEMENT RESOLVES CERTAIN POTENTIAL CLAIMS AGAINST CO
* NEOVASC INC - FOLLOWING FIRST COMMERCIAL SALE OF TIARA, NEOVASC WILL PAY A STEPPED ROYALTY ON TIARA REVENUES