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MEMPHASYS LIMITED. — M&A Activity 2008
Jun 22, 2008
65314_rns_2008-06-22_7f76f6a6-c810-4646-a601-2304a2501baf.pdf
M&A Activity
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FOR IMMEDIATE RELEASE
Unsolicited offer to Acquire/License the Gels Business
SYDNEY, AUSTRALIA – 23 June, 2008 – The Board of NuSep (ASX: NSP) wishes to advise the market that it has received an unsolicited offer to acquire/license the Gels business. The Board is not at liberty to disclose any further information at this time.
The Company will consider this offer and keep shareholders informed of developments.
About NuSep
NuSep (ASX: NSP) is a publicly listed life sciences company that sells products into the global bioseparations market. The company has offices in both Sydney, Australia and Atlanta, USA.
With a 30 year heritage in biological separations, NuSep has forged a world class reputation for its innovative yet simple biological separation techniques including the world’s first IVF sperm separation device. In short NuSep has redefined the BioSeparations market through innovation and simplification.
NuSep’s world renowned research team has developed an extensive portfolio of patented products. In all, NuSep currently manufactures, distributes and sells 55 products to customers in the USA, Europe, Asia and Australia.
NuSep Products:
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Gels – NuSep offers two precast gel ranges: iGels, innovative gels including long life gels with a 2 year shelf life: and NuBlu, high quality gels at an everyday price.
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Separation Instruments – NuSep has developed two unique biological separation instruments. The first instrument released in February 2008 can separate biological samples into 8 fractions for use in the proteomic market. The second instrument separates sperm for fertility treatments such as IVF and is presently undergoing clinical trials and is supported by a $2.2m AusIndustry Commercial Ready Grant.
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Biological Products – NuSep supplies research grade biological products manufactured using its unique separation technologies. These products include human IgG and Albumin.
For more information about NuSep please visit the company’s website www.NuSep.com
Contact: Prakash Patel Chief Financial Officer & Company Secretary +61 2 8977 9000 [email protected]
Postal Address P.O. Box 6126 Frenchs Forest NSW 2086
Contact Details Email [email protected] Telephone +61 2 8977 9000 Web www.nusep.com Facsimile +61 2 8977 9099 ABN 33 120 047 556
NuSep Ltd 22 Rodborough Rd Frenchs Forest NSW 2086