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Haemonetics Signs Definitive Agreement To Acquire Hemerus Medical, LLC
Date:4/29/2012

BRAINTREE, Mass., April 29, 2012 /PRNewswire/ -- Haemonetics Corporation (NYSE: HAE) announced that it has entered into a definitive agreement to acquire the business assets of Hemerus Medical, LLC, a Minnesota-based company that develops innovative technologies for the collection of whole blood, and processing and storage of blood components.  Hemerus has completed Phase 3 clinical trials and has submitted a New Drug Application to the FDA for its unique, patented SOLX® whole blood collection system.

(Logo: http://photos.prnewswire.com/prnh/20120206/NE47232LOGO )

This system's features include a collection set and a storage solution that is believed to considerably extend the quality and effective life of red blood cells.  Hemerus expects FDA approval in calendar year 2012.  The storage solution is the result of research partially funded by the US Army, and invented by Dr. John Hess of the University of Maryland, and the late Dr. Tibor Greenwalt of the University of Cincinnati.  Hemerus holds the exclusive worldwide license to the intellectual property and furthered this research through the development of a whole blood collection set and clinical trials.

Brian Concannon, President and CEO, said: "Hemerus' capabilities complement our planned entry into the whole blood collection market with our differentiated products designed to bring greater efficiency and productivity to whole blood collection and processing.  This is a market that is strategically important with more than 60 million collection procedures annually.  Delivery of a superior blood storage solution offers both medical and economic benefits to our blood center and hospital customers and is important to our leadership position in blood management."

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SOURCE Haemonetics Corporation
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