NextGen Sciences Divests Automation and Software Business to Focus on Protein Biomarker Services
The deal involves an exclusive license of the products the expressionfactory™, expressionworkstation™ and the controlling software suite orchestratorIMS™, to eXeTek, which is led by two former NextGen employees, Stephen Woodall and Stuart Hill. NextGen has acquired a 24% stake in eXeTek and 5% royalty on sales for three years as part of the deal. eXeTek will support the existing installed base globally, and will continue to sell the products and guide their future development.
Dr Michael Pisano, CEO of Nextgen Sciences, commented: “The sale of this part of the business will enable us to focus on our biomarkerexpress™ services. Existing customers of the products now supported by eXeTek will continue to receive the same high quality service, from the same team and with no break in cover.”
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