MorphoSys AG /
Ad hoc: Bio-Rad to Acquire MorphoSys's Research and Diagnostic Antibody Business
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MorphoSys AG (FSE: MOR; Prime Standard Segment, TecDAX) announced today that it
has agreed to sell its research and diagnostic antibody segment AbD Serotec to
Bio-Rad Laboratories, Inc. (NYSE: BIO), a multinational manufacturer and
distributor of life science research and clinical diagnostic products. The total
consideration amounts to approximately EUR 53 million and will be settled in
cash. The total consideration comprises the purchase price, compensation for
cash reserves in the AbD Serotec companies in the amount of approximately EUR 5
million and a license payment for the use of the HuCAL technology in the
research and diagnostic markets. The transaction is subject to certain closing
conditions, and is expected to be completed in January, 2013.
According to the terms of the transaction, Bio-Rad Laboratories will acquire all
of MorphoSys's AbD Serotec research reagent and diagnostic business, comprising
the AbD Serotec segment of MorphoSys AG as well as the subsidiaries MorphoSys UK
Ltd., MorphoSys AbD GmbH and MorphoSys US, Inc. In addition, the transaction
includes a fully paid-up, non-exclusive license agreement to use MorphoSys's
HuCAL technology for diagnostic and research purposes.
END OF AD HOC ANNOUNCEMENT
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
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.
For more information, please contact:
Dr. Claudia Gutjahr-Löser
Head of Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-122
Senior Manager Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-454
Specialist Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-332
Ad hoc announcement (PDF):
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Source: MorphoSys AG via Thomson Reuters ONE
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WKN: 663200;ISIN: DE0006632003;Index:TecDAX,CDAX,Prime All Share,TECH All Share,HDAX,MIDCAP;
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(END) Dow Jones Newswires
December 16, 2012 12:47 ET (17:47 GMT)- - 12 47 PM EST 12-16-12