pSivida Limited Completes Acquisition Of Control Delivery Systems

PERTH, Australia & BOSTON--(BUSINESS WIRE)--Jan. 3, 2006--Global bio-nanotech company pSivida Limited (NASDAQ:PSDV, ASX:PSD, Xetra:PSI) today announced that on 30 December 2005 it completed the acquisition of Control Delivery Systems, Inc. (“CDS”) a private US drug delivery company located in the Boston, Massachusetts area. CDS has been renamed pSivida Inc.

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