29th Sep 2014 11:37
LONDON (Alliance News) - Microsaic Systems PLC said Monday that it has inked a commercial agreement with Gilson Inc to create new analytical instruments for the pharmaceutical and life science industries.
Under the deal Microsaic will provide its miniature mass spectrometer as an original equipment manufacturer. Gilson will combine this with its high performance liquid chromatography instruments to create a new product to rapidly separate and characterise liquid samples.
The company will begin shipping its units to Gilson in the first quarter of 2015, with volumes rising to around 50 units per year in due course. The selling price per unit is in line with its expectations, it said, but no further financial details were disclosed.
"We have high-quality global partners for our products addressing an increasing proportion of our target market and continue productive discussions with other potential partners, which we anticipate will progress to agreements in the future," said Chief Executive Colin Jump in a statement.
Shares in Microsaic were trading up 0.4% at 45.70 pence Monday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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