ARTICLE | Company News

AbSorber AB, LinkMed AB deal

November 16, 2009 8:00 AM UTC

Private equity company LinkMed will increase its holding in AbSorber to 93.8% from 43%. LinkMed will acquire 40.9% of AbSorber from Koncentra Holding AB for SEK58 ($8.4 million) and the remaining 9.9% from AbSorber founder Jan Holgersson in exchange for 492,043 new LinkMed shares valued at SEK13.9 million ($2 million) based on LinkMed's close price of SEK28.30 on Nov. 10, the day before the deal was announced.

AbSorber markets XM-ONE, an endothelial cross-match test kit that detects anti-endothelial cell antibodies (AECA) and antibodies to HLA class I and II antigens for use prior to organ transplants. ...