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Microbix Biosystems Inc Sells Purified Water Business

Friday, 1 Feb 2013 07:30am EST 

Microbix Biosystems Inc announced that it has sold its Water-for-Injection business to Irvine Scientific in California. The sale was constructed on an earn-out basis, though specific deal terms were not disclosed. The sale of this non-core asset is part of the Company's strategy to focus on higher value-added Antigen products as well as key pipeline projects such as Kinlytic, which the Company is currently developing under license for Zydus Cadila. 

Company Quote

0.01 +1.85%
19 Sep 2014