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Lifecore Biomedical Sells High-Speed 10-Head Isolator Filler for $17 Million
Jan 07, 2025•over 1 year ago
Contract Type
contract
Description
Lifecore Biomedical, Inc. has entered into a sales agreement with a non-competitive buyer for the previously purchased high-speed, multi-purpose 10-head isolator filler. The buyer will pay Lifecore an aggregate purchase price of $17 million, with $7 million received at closing and the remaining payments anticipated over the next 18 months.
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Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months