Abcam agrees to acquire AxioMx

11 November 2015

UK life science research tool specialist Abcam (AIM: ABC) has entered into a definitive agreement to acquire US biotech company AxioMx.

Abcam will acquire AxioMx on a cash-free/debt-free basis for $20 million upfront with further performance-based payments totalling $25 million, which will be made over five years and are based on successful completion of commercial and technical milestones.

The acquisition is expected to close by the end of the month.

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