BICO: Offloads MatTek and Visikol to Sartorius for USD80m
Friday post-market, BICO announced the divestment of MatTek and Visikol to Sartorius for USD80m on a cash- and debt-free basis, as part of its strategy to focus on lab automation and selected workflows. Proceeds will primarily reduce BICO’s SEK1,106m convertible bond, due March 2026, following a SECellink AB. Cellink AB is a Sweden-based company, which is primarily involved in the healthcare industry. The Company operates as a provider of advanced bioprinting solutions for healthcare sector. The Company offers 3D bioprinting of human tissues and organs. The Company's technology facilitates the biofabrication of cell-laden anatomical structures with controlled cell density and homogenous distribution of viable cells. The cell-laden bioink structures are then cultured in vitro, under controlled conditions for a wide range of experiments. In addition, bioprinting with human cells can be combined with computer-aided design (CAD) and computer-aided manufacturing (CAM) using medical images from CT or MRI scans to create a blueprint (3D model) for bioprinting of patient-specific tissues and organs.
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