Sale of Biotages facility in Charlottesville, Virginia
Biotage announced on 22 January 2009 that the company had decided to move the manufacturing of its products from its factory in Charlottesville, Virginia, to contract manufacturers and Biotages manufacturing plant in Cardiff, Wales. The transfer of this business has now successfully been finalized. In parallel with these activities the company has marketed the building in Charlottesville for sale. These efforts have paid off despite the challenging climate on the US real estate market.
Sales price of the facility is USD 5.5 million, which results in a smaller loss of approximately USD 0.1 million. Net after transaction costs Biotages cash holdings increases with approximately USD 1.3 million.
Contact:
Torben Jörgensen, President and CEO
Tel: +46 707 49 05 84, torben.jorgensen@biotage.com
This is information that Biotage AB (publ) is required to disclose pursuant to the Swedish Securities Markets Act. The information was provided for public release on 11 January 2010 at 8.00am CET.
About Biotage
Biotage offers solutions, knowledge and experience in the areas of analytical and medicinal chemistry. The customers include the worlds top pharma and biotech companies, as well as leading academic institutes. The company is headquartered in Uppsala, Sweden, and has offices in the United States, United Kingdom and Japan. Biotage has 270 employees and had sales of SEK 385,3m in 2008. Biotage is listed on the NASDAQ OMX Nordic Stock Exchange. Website: www.biotage.com

