ART to buy Alerion

AuntMinnie.com staff writers

Feb 14, 2006

Optical molecular imaging developer ART Advanced Research Technologies has reached an agreement to purchase substantially all of the imaging technology and product assets of U.S. biomarker and contrast media developer Alerion Biomedical.

The acquisition of Alerion will allow ART to have the capability to develop and supply biomarker and imaging agents for the preclinical and clinical markets, according to the Saint-Laurent, Quebec-based firm.

The deal is subject to obtaining all necessary regulatory approvals, including that of the Toronto Stock Exchange. Terms were not disclosed.

By AuntMinnie.com staff writers
February 15, 2006

Related Reading

ART begins SoftScan study in western Canada, November 24, 2005

ART sales increase in Q3, November 3, 2005

ART launches clinical study, October 24, 2005

SoftScan trial under way, October 7, 2005

Alerion, Vanderbilt receive NIH grant, January 5, 2005

Copyright © 2006 AuntMinnie.com

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