Navigation Links
MDS Announces Strategic Repositioning
Date:9/2/2009

    Company Signs Agreement to Sell MDS Analytical Technologies to Danaher
    Corporation;
    Plans Substantial Return of Sale Proceeds to Shareholders;
    Announces Intent to Sell MDS Pharma Services

TORONTO, Sept. 2 /PRNewswire-FirstCall/ - MDS Inc. (TSX: MDS; NYSE: MDZ), a leading provider of products and services to the global life sciences markets, today announced that it has entered into an agreement to sell its MDS Analytical Technologies business, a leading global supplier of drug discovery and life sciences research tools, to Danaher Corporation (NYSE: DHR) for $650 million in cash, and that it currently intends to return approximately $400 million to $450 million of the sale proceeds to its shareholders. The completion of the sale is subject to shareholder and regulatory approval, and other closing conditions.

The Company also announced that it intends to sell its MDS Pharma Services business, a leading provider of innovative drug discovery and early-stage development solutions for pharmaceutical and biotechnology companies. Upon completion of these transactions, the Company would be focused solely on its MDS Nordion business, which is a leading provider of medical isotopes for molecular and diagnostic imaging, radiotherapeutics and sterilization technologies.

These decisions follow a comprehensive strategic review by a Special Committee of independent Directors working with Management and financial and legal advisors. The MDS Inc. Board of Directors believes the actions announced today are in the best interests of the Company and its shareholders, and unanimously recommends that shareholders vote in favor of the sale of MDS Analytical Technologies.

"The
'/>"/>

SOURCE MDS Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. TrueFACS Announces the Addition of Nora Johnson and Pat Palmer of Medical Billing Advocates of America
2. SOKO Fitness & Spa Group Announces Record Financial Results for Fiscal Year; Sets Conference Call to Discuss Results
3. Milestone Scientific Announces Key Leadership Changes
4. Cardiome Pharma Corp. Announces Commencement of US$27.5 Million Tender Offer
5. U.S. Labor Department announces dates for 4th annual Drug-Free Work Week
6. EPIX Pharmaceuticals, Inc. Announces the P2Y2 Gastrointestinal Early Development Candidate Program Will Be Part of the Intellectual Property Offered For Sale at the September 30, 2009 Auction
7. Vinpower Digital Announces Industry's First Complete Labelflash Standalone DVD Publishing System
8. China Pharma Holdings, Inc. Announces Participation in September Conferences
9. Aflac Announces Support for Childhood Cancer Awareness Month
10. CBI Announces Multi-Stakeholder Collaboration Panel at Upcoming Effective Oncology Benefit Management Forum
11. Worlds Largest Medical Tourism and Global Healthcare Conference, October 26-28th, Announces Record Attendance, Distinguished Speakers and Sponsors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/2/2015)... 2015 GBCHealth, a prominent business ... sector activities and investments in global health issues, ... new members to serve on the organization’s Board ... Chief Strategist and Co-founder of Partners In Health, ... Huma Abbasi, General Manager of Global Health and ...
(Date:3/2/2015)... (PRWEB) March 02, 2015 “ Wants ... of its monthly AppWatch, which features the latest and ... markets. Andrew Tropeano, a mobile technology expert and host ... viewers how this app helps people evaluate priorities. , ... there’s the Wants and Needs app. The app allows ...
(Date:3/2/2015)... March 02, 2015 Gummy smile reduction ... procedures. Gum reshaping can involve one or several procedures to ... lost gum tissue for a more even gum line. Dr. ... line treatment that can permanently lighten discolored or naturally ... approach, which involves a personalized treatment plan to address a ...
(Date:3/2/2015)... Va. (PRWEB) March 02, 2015 The ... nonprofit authority on the use of health IT to ... white paper, “ICD-10 Testing for Small Providers.” The white ... with a starting point for ICD-10 testing by focusing ... payers to ensure compliance with the October 1, 2015 ...
(Date:3/2/2015)... 2015 LegitScript, LLC, operator ... programs, including those for Internet pharmacy certification, ... and classification, has launched a certification program ... new program, called iCareRx , provides ... the identity of the owner/operator of Internet ...
Breaking Medicine News(10 mins):Health News:Dr. Paul Farmer and Leaders from Chevron, Johnson & Johnson and Merck Join GBCHealth’s Board of Directors 2Health News:Dr. Paul Farmer and Leaders from Chevron, Johnson & Johnson and Merck Join GBCHealth’s Board of Directors 3Health News:Dr. Paul Farmer and Leaders from Chevron, Johnson & Johnson and Merck Join GBCHealth’s Board of Directors 4Health News:Dr. Paul Farmer and Leaders from Chevron, Johnson & Johnson and Merck Join GBCHealth’s Board of Directors 5Health News:An Application to Evaluate Priorities Was Featured on NewsWatch Television on January 30, 2015 2Health News:Gummy Smile Expert, Dr. Alex Farnoosh, is Now Offering Gum Reshaping Procedures 2Health News:WEDI Releases New White Paper on ICD-10 Testing for Small Providers 2Health News:LegitScript Launches Certification Program for Internet Eyeglass Sellers 2
... Women with breast cancer have more aggressive disease ... obese, according to findings published in the March 15 ... American Association for Cancer Research. , The more ... said Massimo Cristofanilli, MD, associate professor of medicine in ...
... (Nasdaq: MNKD ), focused on discovering, developing and,commercializing ... present at the Cowen and Company Healthcare Conference on ... Copley Place Hotel in Boston, MA., Interested parties ... of the,presentation in the Investor Relations section of the ...
... 17 Citi Conference, CHICAGO, March 13 Brookdale ... management will make a presentation,regarding the Company at the ... at 9:00 a.m. ET at the Loew,s Miami Beach ... webcast live and can be accessed through the,Investor Relations ...
... Absorbed harmlessly in the body, it could replace traditional metal ... stent that is quietly absorbed by the body after it ... has worked well in an international trial, researchers report. , ... the report said. In a one-year follow-up, none of the ...
... The Centers for,Medicare & Medicaid Services (CMS) today ... pressure (CPAP) therapy for Medicare patients,with obstructive sleep ... undergo diagnosis for OSA using a home sleep ... departure from current Medicare,coverage for CPAP and diagnosis ...
... March 13 Policy groups,representing millions of older adults, ... add $20.7 million for the,Centers for Disease Control and ... among older Americans., Each year, one in three ... those who fall require medical treatment. The most recent ...
Cached Medicine News:Health News:Breast cancer more aggressive among obese women 2Health News:Brookdale to Present at Lehman Global Healthcare Conference on March 19 2Health News:Melt-Away Stent Works Well in Trial 2Health News:Melt-Away Stent Works Well in Trial 3Health News:30 National Organizations Issue Call to Action for Congress to Fully Fund Falls Prevention Programming in CDC Budget 2Health News:30 National Organizations Issue Call to Action for Congress to Fully Fund Falls Prevention Programming in CDC Budget 3
(Date:3/2/2015)... MENLO PARK, Calif. , March 2, 2015 /PRNewswire/ ... medical device company that has developed and commercialized an ... pain, today announced that Brad Vale , PhD, ... (JJDC), has been appointed to its Board of Directors, ... has over 30 years of experience in developing, commercializing ...
(Date:3/2/2015)... 2, 2015  BC Technical, the nation,s leading ... Eclipse Systems, a Nuclear Imaging service company providing ... of their ongoing vision to provide the best, ... BC Technical continues to expand their reach and ... add valuable resources and knowledge in addition to ...
(Date:3/2/2015)... 2015  DURECT Corporation (Nasdaq: DRRX ... the successful completion of a Phase 1 clinical ... DUR-928 is an endogenous, small-molecule, new chemical entity ... diseases such as nonalcoholic fatty liver disease (NAFLD) ... injuries such as acute kidney injury (AKI).        ...
Breaking Medicine Technology:Nevro Appoints Dr. Brad Vale to its Board of Directors 2BC Technical Acquires Eclipse Systems 2DURECT Announces Epigenomic Regulator Program including a New NAFLD/NASH and Acute Organ Injury Product Candidate in Development 2DURECT Announces Epigenomic Regulator Program including a New NAFLD/NASH and Acute Organ Injury Product Candidate in Development 3DURECT Announces Epigenomic Regulator Program including a New NAFLD/NASH and Acute Organ Injury Product Candidate in Development 4DURECT Announces Epigenomic Regulator Program including a New NAFLD/NASH and Acute Organ Injury Product Candidate in Development 5
... Sept. 7, 2011 Cyberonics, Inc. (NASDAQ: CYBX ... will participate in the 2011 UBS Global Life Sciences Conference ... Dan Moore, Cyberonics, President and Chief Executive Officer, will speak ...  A live audio webcast of the presentation can be accessed ...
... BioMarin Pharmaceutical Inc. (Nasdaq: BMRN ) today ... will present a company update at the Morgan Stanley Global ... at 10:55 a.m. ET.   Interested parties may ... the investor section of the BioMarin website, www.BMRN.com . ...
Cached Medicine Technology:BioMarin to Present at the Morgan Stanley Global Healthcare Conference 2
... This remarkable anti-reflux valve ... plastic housing which prevents the ... closed when in sitting or ... virtually self-cleaning and interference free ...
... valve is enclosed in a ... the valve from being accidentally ... or reclining positions. The valve ... free ensuring uninterrupted flow and ...
... remarkable anti-reflux valve is enclosed ... which prevents the valve from ... in sitting or reclining positions. ... and interference free ensuring uninterrupted ...
... The VerifyNow (Ultegra) System is a ... measures platelet induced aggregation as an ... consists of an instrument, a disposable ... device contains reagents based on microbead ...
Medicine Products: