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MDS Nordion divests external beam therapy products to Best Medical International

MDS Nordion : 30 November, 2007  (New Product)
MDS Nordion has signed an agreement with Best Medical International to divest its external beam therapy and self-contained irradiator product lines.
The sale is a key part of MDS Nordion's growth strategy to focus its resources on being a leading innovator in molecular medicine.

Under the terms of this agreement, Best Medical International, a provider of Radiotherapy and oncology products, will purchase MDS Nordion's external beam therapy and self-contained irradiator product lines.

External beam therapy equipment is used in the treatment of cancer, and self-contained irradiators are used for the irradiation of blood to prevent disease and for research purposes. Best Medical International will acquire these two product lines with combined annualised revenues of $32 million and approximately 150 employees. The transaction is expected to close over the next three months.

'This sale represents a further focusing of our business at MDS Nordion,' said Steve West, president, MDS Nordion. 'By divesting these product lines, we can direct all of our energy and resources on becoming a leading innovator in the exciting and growing field of molecular medicine.'

The external beam therapy units and blood irradiators are complementary to the kinds of medical equipment manufactured by Best Medical International. With a strategic focus on improving medical care in developing countries, Best Medical International will provide an opportunity to expand these product lines.

'These product lines are a great fit with our company,' said Krishnan Suthanthiran, president, Best Medical International. 'The external beam cancer therapy product line complements our portfolio as we will now be able to offer the equipment and services required to set up cancer treatment centres, a move towards our goal of launching war on cancer globally.'
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