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News

MVP acquires Avita Medical’s Australian Respiratory Business

Dec 23, 2015Mark EdwardsNews

24 December 2015

ASX ANNOUNCEMENT

MVP acquires Avita Medical’s Australian Respiratory Business

Medical Developments International Limited (ASX: MVP) is delighted to announce that it has signed an agreement to acquire the respiratory business of Avita Medical Limited (ASX: AVH). Avita’s respiratory business includes the Breath-A-Tech branded range of products, which is the leading brand of asthma space chambers in the Australian pharmacy and hospital markets.

The total consideration is circa $2.64m comprising $2.2m cash plus (at MVP’s option) either 125,000 new MVP shares escrowed for 6 months (adjusted based on the 5-day VWAP prior to completion) or $0.44m of cash.

For more information please refer to the following link ASX Announcement – MVP Acquires Avita Medical Ltd’s Respiratory business

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Medical Developments International

Address:
4 Caribbean Drive, Scoresby,
Victoria, 3179
Australia
Phone: +61 3 9547 1888
Email: [email protected]
ABN: 14 106 340 667
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