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MDS Incorporated


News and Blogs

Total : 5 View more »

MDS Inc. to to for $8 Million

www.biospace.com | Oct 9, 2009

Reuters -- Health sciences company MDS Inc on Friday said it agreed to sell its Central Labs operations to private investment group Czura Thornton for about $8 million.

http://www.biospace.com/news_story.aspx?StoryID=158640&full=1

MDS Announces CEO Transition Plan

news.prnewswire.com

, Chairman of MDS Inc.'s Board of Directors. "Steve is a talented executive with a proven track record of delivering strong performance. He assumes the COO position with the full confidence and support of the Board." Mr. West became President of MDS Nordion in 2003.

http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/09-17-2009/0005095766&EDATE=

MDS shares up 22%

www.marketwatch.com | Sep 2, 2009

MDZ Stock Quote, and financial news from the leading provider and award-winning MarketWatch.com.

http://www.marketwatch.com/investing/stock/MDZ?siteid=rss

 

MDS Inc. and Danaher Corporation Receive Second Request for Information from U.S. Federal Trade

Zibb.com | Nov 3, 2009

MDS Inc. (TSX: MDS; NYSE: MDZ), a leading provider of products and services to the global life sciences markets, and Danaher Corporation (NYSE: DHR), a diversified technology leader, today announced that they have each received a Second Request for information from the Federal Trade Commission...

 

MDS Inc. and Danaher Corporation Receive Second Request for Information from U.S. Federal Trade

MDS Inc. (TSX: MDS; NYSE: MDZ), a leading provider of products and services to the global life sciences markets, and Danaher Corporation (NYSE: DHR), a diversified technology leader, today announced that they have each received a Second Request for information from the Federal Trade Commission (FTC) regarding the sale of MDS Analytical Technologies.

The Second Request relates to a global market segment that MDS and Danaher estimate generates less than $50 million in annual revenues for all sellers combined.

The information request was issued under notification requirements of the Hart Scott Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). The effect of the Second Request is to extend the waiting period imposed by the HSR Act for a period of 30 calendar days from the date of the parties' substantial compliance with the request, unless the waiting period is earlier terminated.

MDS Inc. and Danaher Corporation continue to cooperate with the FTC and currently expect the transaction, which was announced on September 2, 2009 and received approval from MDS shareholders on October 20, 2009, to close before the end of the first calendar quarter of 2010, subject to the satisfaction of the conditions to closing.

About Danaher Corporation

Danaher is a diversified technology leader that designs, manufactures, and markets innovative products and services to professional, medical, industrial, and commercial customers. Our portfolio of premier brands is among the most highly recognized in each of the markets we serve. Driven by a foundation provided by the Danaher Business System, our 50,000 associates serve customers in more than 125 countries and generated $12.7 billion of revenue in 2008. For more information, please visit our Website: www.danaher.com

About MDS Inc.

MDS Inc. (TSX: MDS; NYSE: MDZ) is a global life sciences company that provides market-leading products and services that customers need for the development of drugs and diagnosis and treatment of disease. MDS Inc. is a leading global provider of pharmaceutical contract research, medical isotopes for molecular imaging, radiotherapeutics, and analytical instruments. MDS has more than 3,600 highly skilled people in 13 countries. Find out more at www.mdsinc.com or by calling 1-888-MDS-7222, 24 hours a day.

SOURCE: MDS Inc.

MDS CONTACTS: MEDIA: Janet Ko, (905) 267-4226, janet.ko@mdsinc.com; INVESTORS: Peter
Dans, (905) 267-4230, peter.dans@mdsinc.com; DANAHER CONTACT: MEDIA AND INVESTORS:
Matt McGrew, (202) 828-0850, matt.mcgrew@danaher.com

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Tags: antitrust   business   commercial   contract   disease   drugs   foundation   industrial   manufacturer   market   medical   nyse   pharmaceuticals   products   research   revenue   technology   trade  

Companies: Danaher Corp. (DHR), MDS Inc. (MDS), MDS Inc. (MDZ)

 

MDS Inc. Completes Divestiture of Central Labs Operations - Zibb.com

Zibb.com | Nov 2, 2009

MDS Inc. (TSX: MDS; NYSE: MDZ), a leading provider of products and services to the global life sciences markets, today announced that it has completed the divestiture of its Central Labs operations to Czura Thornton, a private investment group based in Jersey, Channel Islands. Central Labs provides...

 

MDS Inc. Announces Shareholder Approval of Sale of MDS Analytical Technologies - Zibb.com

MDS Inc. (TSX: MDS; NYSE: MDZ), a leading provider of products and services to the global life sciences markets, today announced that Company shareholders have approved the sale of its MDS Analytical Technologies business, a leading global supplier of drug discovery and life sciences research tools, to Danaher Corporation (NYSE: DHR) for $650 million in cash.

A Special Meeting of Shareholders was held on October 20, 2009, and in excess of 99 % of the Common Shares voted were in favour of the sale to Danaher.

"The MDS Board of Directors is pleased that shareholders have voted to support the divestiture of the MDS Analytical Technologies business," said James S. A. MacDonald, Chairman of the MDS Inc.'s Board of Directors. "Subject to the completion of sale of MDS Analytical Technologies, the Company currently intends to return approximately $400 million to $450 million of sale proceeds to shareholders by way of a share buyback through a Substantial Issuer Bid."

The completion of the proposed sale of MDS Analytical Technologies, which was originally announced on September 2, 2009, remains subject to receipt of regulatory approvals and customary closing conditions.

"We continue to believe that the repositioning of MDS will unlock the value of our business in the near-term and provide greater opportunities for each business going forward," said Stephen P. DeFalco, President and Chief Executive Officer, MDS Inc. "Shareholder approval of the sale of MDS Analytical Technologies marks another important milestone in our repositioning strategy."

MDS Inc. Strategic Repositioning

In addition to the sale of MDS Analytical Technologies, the Company also announced on September 2, 2009, that it intends to sell its MDS Pharma Services business, a leading provider of innovative drug discovery and early-stage development solutions for pharmaceutical and biotechnology companies. Upon completion of these transactions, the Company will be focused solely on its MDS Nordion business, which is a leading provider of medical isotopes for molecular and diagnostic imaging, radiotherapeutics and sterilization technologies. Additional background materials pertaining to the new strategic direction for MDS Inc. can be found on MDS Inc.'s Website at http://www.mdsinc.com/strategic_repositioning_of_mds/index.asp.

There can be no assurance that MDS will complete a transaction involving MDS Pharma Services. If MDS determines that there is not an acceptable transaction, it intends to retain and invest in building the business.

About MDS

MDS Inc. (TSX: MDS; NYSE: MDZ) is a global life sciences company that provides market-leading products and services that our customers need for the development of drugs and diagnosis and treatment of disease. We are a leading global provider of pharmaceutical contract research, medical isotopes for molecular imaging, radiotherapeutics, and analytical instruments. MDS has more than 4,200 highly skilled people in 13 countries. Find out more at www.mdsinc.com or by calling 1-888-MDS-7222, 24 hours a day.

Caution Concerning Forward-Looking Statements

This document contains forward-looking statements. Some forward-looking statements may be identified by words like "believes", "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. The statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. MDS's actual results could differ materially from those expressed in the forward-looking statements due to these risks and a number of other factors, including, but not limited to, successful completion of the aforementioned divestiture, successful implementation of structural changes, including restructuring plans and acquisitions, technical or manufacturing or distribution issues, the competitive environment for MDS's products and services, the degree of market penetration of its products and services, the ability to secure a reliable supply of raw materials, the impact of our clients' exercising rights to delay or cancel certain contracts, the strength of the global economy, the stability of global equity markets, the availability and cost of financing, the impact of the movement of the U.S. dollar relative to other currencies, particularly the Canadian dollar and the euro, uncertainties associated with critical accounting assumptions and estimates, and other factors set forth in reports and other documents filed by MDS with Canadian and U.S. securities regulatory authorities from time to time, including MDS's quarterly and annual MD&A, Annual Information Form, and Annual Report on Form 40-F for the fiscal year ended October 31, 2008 filed with the U.S. Securities & Exchange Commission.

SOURCE MDS Inc.

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Tags: accounting   acquisition   annual report   biotechnology   business   buyback   canada   ceo   contract   currency   disease   divestiture   dollar   drugs   economy   environment   equity   manufacturing   market   medical   nyse   pharmaceuticals   president   products   research   restructuring   securities   structural   technology  

Companies: Danaher Corp. (DHR), MDS Inc. (MDS), MDS Inc. (MDZ)

 

Web Sites

Total : 56 View more »

MDS Inc. and Danaher Corporation Receive Second Request for Information from U.S. Federal Trade Commission for MDS Analytical Technologies Sale

www.bio-medicine.org

Health,...TORONTO and WASHINGTON D.C. Nov. 3 / MDS Inc...The Second Request relates to a global market segment that MDS and Dan...The information request was issued under notification requirements of ...MDS Inc. and Danaher Corporation continue to cooperate with the FTC

http://www.bio-medicine.org/medicine-news-1/MDS-Inc--and-Danaher-Corporation-Receive-Second-Request-for-Information----from-U-S--Federal-Trade-Commission-for-MDS-Analytical-Technologies-Sale-60598-1/

MDS Inc. - Home

Stephen is President and CEO of MDS Inc. and a member of the MDS Board of Directors. Stephen joined MDS from U.S. Genomics where he was Chairman and CEO. Prior to his role at U.S. Genomics, he served as President of PerkinElmer Instruments and Senior Vice-President of PerkinElmer Inc.

http://www.mdsinc.com/about_mds/exec_management.asp

CLI Applied Biosystems

www.cli-online.com

We've taken LC/MS/MS for Toxicology and made it really, really, really easy. Extraordinarily easy-to-use Cliquid™ Drug Screen and Quant Software makes stepping up to LC/MS/MS technology for toxicology almost effortless.

http://www.cli-online.com/eproducts/applied-biosystem/

MDS: Steve West Named COO; Expected to Transition to CEO - Zibb.com

www.zibb.com

By Fain Hughes, fhughes@knobias.com MDS Inc. (MDZ) announced that Steve West, President of MDS Nordion, has been appointed Chief Operating Officer of MDS Inc. Stephen P. DeFalco, President and Chief Executive Officer of MDS Inc., intends to step down from his position following the successful

http://www.zibb.com/article/5531819/MDS+Steve+West+Named+COO+Expected+to+Transition+to+CEO

Web Sites powered by Bing

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MDS Incorporated - featuring the FocuscopeTM modular endoscope system

mdsincorporated.com

The Focuscope System is a patented, completely modular endoscopic system utilizing fiber optic technology that allows for the visualization of areas inaccessible to the naked eye.

http://mdsincorporated.com/

MDS Incorporated (MDS) Company Profile - CorporateInformation.com

www.corporateinformation.com

MDS Incorporated. The Group's principal activity is to provide products and services for the development of drugs and diagnosis and treatment of diseases. It operates through three ...

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C124DC920

MDS Inc. - Home

www.mdsinc.com

MDS Inc. is a global life sciences company that provides market-leading products and services that our customers need for the development of drugs, and the diagnosis and treatment ...

http://www.mdsinc.com/