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In Brief: Boehringer Mannheim/PerSeptive Biosystems

This article was originally published in The Gray Sheet

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Executive Summary

Boehringer Mannheim/PerSeptive Biosystems: Enter strategic alliance under which Boehringer gains worldwide co-exclusive distribution rights to Framingham, Massachusetts-based PerSeptive's Poros chromatography columns. In exchange, Boehringer agrees to purchase $2 mil. of PerSeptive common stock for $12.69 per share and obtains an option to buy an additional $1 mil. worth at the same price during the next 24 months. The companies say they also will conduct joint research and development of "advanced biochemical tools and reagents"...

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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