MARTINSRIED, GERMANY and MUNCHEN, GERMANY--(Marketwire - January 10, 2013) -
MorphoSys AG /
MorphoSys Completes Sale of AbD Serotec to Bio-Rad
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The issuer is solely responsible for the content of this announcement.
MorphoSys AG (FSE: MOR; Prime Standard Segment, TecDAX) announced today
that the
sale of its research and diagnostic antibody segment AbD Serotec to
Bio-Rad
Laboratories, Inc. (NYSE: BIO and BIOb) has been completed. All
assets and
liabilities of the AbD Serotec segment of MorphoSys AG as well as all
shares of
the subsidiaries MorphoSys UK Ltd., MorphoSys AbD GmbH and MorphoSys US,
Inc.
have been transferred to Bio-Rad.
"We are delighted to have reached the closing of the transaction just
a few
weeks after the announcement was made. With the divestment of AbD
Serotec
completed, MorphoSys can devote 100% of its attention to building value
in its
core therapeutics business," commented Jens Holstein, Chief Financial
Officer of
MorphoSys AG.
About MorphoSys:
MorphoSys developed HuCAL, the most successful antibody library
technology in
the pharmaceutical industry. By successfully applying this and other
patented
technologies, MorphoSys has become a leader in the field of
therapeutic
antibodies, one of the fastest-growing drug classes in human healthcare.
Together with its pharmaceutical partners, MorphoSys has built a
therapeutic
pipeline of more than 70 human antibody drug candidates for the
treatment of
cancer, rheumatoid arthritis, and Alzheimer's disease, to name just a few.
With
its ongoing commitment to new antibody technology and drug
development,
MorphoSys is focused on making the healthcare products of tomorrow.
MorphoSys is
listed on the Frankfurt Stock Exchange under the symbol MOR. For regular
updates
about MorphoSys, visit http://www.morphosys.com
HuCAL(®), HuCAL GOLD(®), HuCAL PLATINUM(®),
CysDisplay(®), RapMAT(®), arYla(®)
and Ylanthia(®) and 100 billion high potentials(®) are
registered trademarks of
MorphoSys AG.
Slonomics(®) is a registered trademark of Sloning BioTechnology
GmbH, a
subsidiary of MorphoSys AG.
This communication contains certain forward-looking statements
concerning the
MorphoSys group of companies. The forward-looking statements contained
herein
represent the judgment of MorphoSys as of the date of this release and
involve
risks and uncertainties. Should actual conditions differ from the
Company's
assumptions, actual results and actions may differ from those
anticipated.
MorphoSys does not intend to update any of these forward-looking
statements as
far as the wording of the relevant press release is concerned.
Media Release (PDF):
http://hugin.info/130295/R/1669504/542406.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: MorphoSys AG via Thomson Reuters ONE
[HUG#1669504]
