PARTNERSHIP BETWEEN GENES DIFFUSION AND IMV
TECHNOLOGIES IN THE FIELD OF PIG TECHNOLOGIES AND
EQUIPMENT FOR SWINE ARTIFICIAL INSEMINATION
The Genes Diffusion Group and IMV Technologies signed a letter of intent on
October 26, 2007, concerning an agreement to transfer Genes Diffusion pig
technologies, equipment, and consumables used in the field of artificial insemination
to IMV. This agreement also establishes a long-term partnership between the two
organizations which will allow both groups to accelerate their grown by developing
new biotechnology products in the field of animal reproduction.
On January 1, 2008, IMV Technologies would acquire the Genes Diffusion swine
insemination equipment line and semen extenders. This includes world renown
products such as Collectis, Gedis and Gedil semen extender. This acquisition would
also include in the future the new technology of swine semen encapsulation.
Genes Diffusion would continue to distribute the equipment line and semen extender
to the French and Belgian territories. In these territories, swine insemination
products, currently available through IMV Technologies (ie; blister bags, AI catheters,
extenders, packing machines, and laboratory equipment), would also be available
through Genes Diffusion.
With this agreement, IMV Technologies would consolidate its leadership in the
development, manufacturing and distribution of swine insemination equipment.
Genes Diffusion would emphasize its expertise in the development of biotechnologies
in the field of various animal species and would give IMV the right of pre-emption for
the distribution of these products worldwide.
This agreement should allow both companies to optimize the strategy of their
respective special skills and build a strong privileged partnership. The collaboration
between Genes Diffusion and IMV Technologies would increase the emergence of
new products and technologies to the customers and distributors of both
organizations while respecting existing commitments.
November, the 23th, 2007