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Published: 2012-04-13 02:21
Vitrolife preparing distribution of the transplantation business
Vitrolife AB announces preparations for a spin-off of the transplantation business in the subsidiary Xvivo Perfusion AB.
Vitrolife announced in November 2011 that Vitrolife´s transplantation business will become a more independent unit within the Vitrolife Group. After further consideration the Board has decided to begin preparations for a complete spin-off of the business.
Strategic opportunity
“With the increased investments in our transplantation business that we have previously communicated, we see this spin-off as a natural next step. Our two business areas, Fertility and Transplantation, are in different phases of development and we on the Board consider that separate ownership increases the strategic opportunities that each company can utilize for increased added value," says the Chairman of the Board, Patrik Tigerschiöld.
Source and more information: www.vitrolife.com
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