ENZO Biochem Collects $7 Million From Court Approved Escrow Fund Closings

NEW YORK, NY — Enzo Biochem, Inc. (NYSE:ENZ) and wholly-owned Enzo Life Sciences, Inc. (together Enzo) announced that Enzo has received $7.0 million previously held in escrow relating to the PerkinElmer and Molecular Probes settlements. This amount will be recognized by Enzo as a Legal Settlement gain in its Consolidated Statement of Operations for the quarter ended January 31, 2016.

About Enzo Biochem

Enzo Biochem is a pioneer in molecular diagnostics, leading the convergence of clinical laboratories, life sciences and intellectual property through the development of unique diagnostic platform technologies that provide numerous advantages over previous standards. A global company, Enzo Biochem utilizes cross-functional teams to develop and deploy products systems and services that meet the ever-changing and rapidly growing needs of health care both today and into the future. Underpinning Enzo Biochem’s products and technologies is a broad and deep intellectual property portfolio, with patent coverage across a number of key enabling technologies.

ENZO Biochem Collects $7 Million From Court Approved Escrow Fund Closings

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