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NetScientific Divests Non-Core Assets.

M2 EQUITYBITES-August 10, 2015-NetScientific Divests Non-Core Assets

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10 August 2015 - UK-based biomedical and healthcare technology group NetScientific plc (AIM: NSCI) has started to divest certain projects that fall outside of its core areas of focus, the company said.

As a result of this process, NetScientific has now divested control of RoboScientific Ltd to management.

The group has also started to divest its other non-healthcare company, MOF Technologies Ltd, and is discontinuing support for certain projects and companies, including Morphodyne SA, Qlida Diagnostics, Inc. and Advanced Biosensors, Inc.

NetScientific said that these decisions have been made as the group continues to re-align the portfolio to focus on its three core areas in healthcare.

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Date:Aug 10, 2015
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