BioCentury
ARTICLE | Company News

Microbix, Irvine Scientific deal

February 11, 2013 8:00 AM UTC

Microbix sold its purified water-for-injection business to laboratory supplies company Irvine. Microbix said the sale was constructed on an earn-out basis, which uses a pre-agreed formula with variables only to be known in the future, but declined to disclose details. The sale of its non-core business is part of Microbix's strategy to focus resources on antigen products and key pipeline programs, including Kinlytic urokinase. Irvine manufactures cell culture media and medical devices. ...