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Galil Medical, An Elron Electronic Industries Ltd. (ELRN) Group Company, Signs Definitive Agreements To Sell Interest In ONCURA And To Acquire ONCURA's Urology Related Cryotherapy Business


11/27/2006 12:24:07 PM

TEL AVIV, Israel--(BUSINESS WIRE)--Elron Electronic Industries Ltd. (NASDAQ: ELRN)(TASE: ELRN), announced today that further to its announcement on November 22, 2006, Galil Medical Ltd., an Elron group company, has signed definitive agreements for the sale of its 25% interest in Oncura, Inc. to Oncura's 75% shareholder, GE Champion Services and the acquisition of Oncura's urology related cryotherapy business from Oncura. The completion of the transaction is subject to certain closing conditions and there is no assurance that the transaction will be completed.

Read at BioSpace.com


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