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Reuters

BRIEF-Comvita Limited says sold Medihoney brand and related intellectual property to Derma Sciences

Reuters
2017-01-11T23:11:10Z
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Jan 12 (Reuters) - Comvita Ltd

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* Comvita to realise nz$30m from us transactions

* Sold its medihoney brand and related intellectual property and goodwill to its long term US partner Derma Sciences, Inc in a comprehensive transaction

* Proceeds will initially be applied to debt reduction and then for funding strategic initiatives and potential acquisitions

* Medihoney transaction will be unaffected by Derma Sciences acquisition by Integra Source text for Eikon: Further company coverage:

Read the original article on Reuters. Copyright 2017. Follow Reuters on Twitter.

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