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Novacyt: completes sale of its NOVAprep business

(CercleFinance.com) - Novacyt announced the completion of the sale of its NOVAprep business to Algimed Trade Ltd.
for an amount of 400,000 euros and 10% royalties on sales in certain regions.

Algimed is specialized in the provision of complex laboratory equipment for clinical trials and food safety and was the exclusive distributor of NOVAprep in the Republic of Belarus.

NOVAprep was considered non-strategic as it is beyond the in-vitro diagnostic product specialization of the company, the group added.

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