BioCentury
ARTICLE | Company News

Sophion, Ratos AB deal

July 11, 2011 7:00 AM UTC

Ratos' Biolin Scientific AB subsidiary will acquire Sophion from NeuroSearch A/S (CSE:NEUR, Ballerup, Denmark) and venture capital companies SLS Invest; A/S Dansk Erhvervsinvestering; and Omega Fund for DKK145 million ($28.2 million) in cash. Sophion shareholders are also eligible for an additional DKK10 million ($1.9 million) in milestones over the next two years related to sales of its QPatch automated patch clamp products for research use. NeuroSearch, which owns 30.1% of Sophion, will receive DKK46.7 million ($9.1 million). The deal is expected to close this quarter. ...