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BTG Plc Sells Brachytherapy Business To Eckert & Ziegler

Tuesday, 17 Sep 2013 02:13am EDT 

BTG Plc announced the sale of its brachytherapy business to Eckert & Ziegler Group, based in Berlin, Germany. Under the terms of the agreement, all of BTG's brachytherapy assets, including the products, associated intellectual property and the facility in Oxford, CT, USA, will transfer to Eckert & Ziegler on completion, which is anticipated in around 30 days. BTG will receive $5m on closing together with a 30% share of revenues from the products that are transferring for a period of 12 months commencing either with the start of production by Eckert & Ziegler or on January 2014, whichever is first. 

Company Quote

-10.0 -1.36%
11:37am EDT