31st May 2005 07:02
Medical Solutions PLC31 May 2005 Medical Solutions plc ("Medical Solutions") Medical Solutions announces completion of sale of intellectual property assets to Hamamatsu Photonics KK Medical Solutions, the provider of pathology-based products and services to thehealthcare and pharmaceuticals sector, announces that it has finalised anagreement to sell certain intellectual property assets in the area of virtualmicroscopy to Hamamatsu Photonics KK ("Hamamatsu") for consideration of£450,000. Medical Solutions will retain a non-exclusive licence, at no cost, tocontinue to utilise the intellectual property within certain parts of itsbusiness including the Drug Development Services division where MedicalSolutions utilises the Hamamatsu NanoZoomer technology. In addition, Medical Solutions will provide sales and marketing support toHamamatsu for its NanoZoomer platform. Chief Executive Officer, Charles Green said "This deal demonstrates furtherevidence of our decision to focus on the provision of high quality services tothe healthcare and pharmaceutical industries, and recognises the value ofMedical Solutions intellectual property generating capability" For further information: Medical SolutionsCharles Green/Neil Johnston 0115 973 9010 Bell PottingerGeoff Callow/Chris Hamilton 020 7861 3232 Notes to Editors Medical Solutions is a provider of pathology-based products and services to thehealthcare and pharmaceutical sector with advanced technology in image analysis,virtual microscopy and quantitative biomarker determination. Its servicedivision has established ethical, fully consented tissue banks, created anetwork of over 90 specialist pathologists to provide reporting services to boththe NHS and the private sector, and has an established drug development serviceproviding quantitative tissue analysis for molecularly targeted therapeuticagents. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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