SDIX reported that it has successfully completed its previously announced sale of the assets of its water quality division to Modern Water plc for $4.5 million.
This divestiture is consistent with its corporate strategy and enables SDIX to focus even further on its core businesses, particularly its Life Science business where SDIX is expanding the development efforts on its next generation proprietary GAT technology.
According to SDIX, the net cash from this sale strengthens its balance sheet and provides additional resources for key investments
SDIX is a biotechnology company with a core expertise in creating better antigens, better antibodies and better assays for the pharmaceutical, biotechnology and food safety markets.
In the life science market, SDIX's technology and capabilities are being used to help discover disease mechanisms, facilitate development of new drugs and provide antibodies and assays for the diagnosis of disease. In the food safety market, SDIX continues to expand its footprint as an international supplier of rapid pathogen test technologies that enable more accurate and cost-effective results.
More about SDIX at www.sdix.com
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