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ArunA Biomedical signs distribution agreement with Life Technologies

Sep 25, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Life Technologies Corp (LIFE)

ArunA Biomedical, Inc. has signed a non-exclusive multi-year distribution agreement with Life Technologies Corporation, a biotechnology tools company, for human embryonic stem cell-derived neural products.

ArunA Biomedical is a biotechnology company. Both ArunA Biomedical and Life Technologies are based in the US.

This agreement includes ArunA's human neural cells that are produced using ArunA's exclusively licensed patented monolayer technology platform. Additional ArunA human cellular products may be added to the agreement in the future. 

Deal Type    Partnership
Sub-Category Distribution
Deal Status  Announced: 2009-09-24

Deal Participants 

Partner 1 (Company) Life Technologies Corporation (formerly Invitrogen Corporation)
Partner 2 (Company) Aruna Biomedical, Inc.

Deal Rationale

The agreement will allow Life Technologies to enhance the distribution of stem cell products to the academic and research communities.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Life Technologies Corp (LIFE)


Related terms: biomedical, biotechnology, partnership, products, research, technology

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