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Immunodiagnostic Systems Sells Haematology Unit for 4.2 Million Euros


1/2/2009 6:34:05 AM

Jan 2 (Reuters) - Immunodiagnostic Systems Holdings Plc said on Friday it had sold its loss-making haematology business unit to Escalon Medical Corp (ESMC.O), a Nasdaq-listed healthcare company, for 4.2 million euros. The producer of diagnostic testing kits said its Biocode Hycel unit would get payment from Escalon over a period of 48 months from Dec. 31, the date of completion of the deal.

Read at Reuters


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