Magellan Biosciences sells ESA Life Sciences Tools business
Thu. September 24, 2009; Posted: 09:59 AM
Sep 24, 2009 (M2 EQUITYBITES via COMTEX) --
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PowerRating -- Clinical-diagnostics products supplier Magellan Biosciences Inc said on
Tuesday that it has sold its ESA Life Sciences Tools (LST) business to
Dionex Corp (NASDAQ:DNEX), a manufacturer and marketer of
chromatography and extraction systems for chemical analysis.
Financial terms of the deal were not disclosed.
The sale includes all of ESA's HPLC-related products, HPLC clinical
assays and the ESA Laboratories services and assets, as well as ESA's
headquarters in Chelmsford, Massachusetts.
Magellan said that the sale will enable the company to concentrate on
its clinical-diagnostic customers.
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