M2 EQUITYBITES-October 31, 2016-Novogen announces acquisition of Glioblast for AUD2.1m and performance-related milestones
Australia-based biotechnology company Novogen Ltd (ASX: NRT; NASDAQ: NVGN) revealed on Monday that it has fully-acquired Glioblast Pty Ltd, an Australian privately-held, neuro-oncology-focused biotechnology company.
Shareholders of Glioblast will also qualify for further payments in cash or equity on the achievement of performance-related milestones.
31 October 2016 - Sydney, Australia-based oncology-focused biotechnology company Novogen Ltd (ASX: NRT; NASDAQ: NVGN) has acquired Australia-based biotechnology company Glioblast Pty Ltd in a stock and cash transaction valued at USD 1.6m (AUD 2.1m), the company said.
The shareholders of Glioblast will be eligible for further payments in cash or equity on the achievement of performance-related milestones.
The tumor like growths in different organs may include different cell types (ex: fibroblasts, angioblasts, glioblasts
, neuroblasts and cardiac myoblasts).
Ling, "Ultrastructural localization of acetylcholinesterase and choline acetyltransferase in oligodendrocytes, glioblasts
and vascular endothelial cells in the external cuneate nucleus of the gerbil," Anatomy and Embryology, vol.
Neuroblasts and glioblasts
cell division and migration within the cortex and cerebellum of cat brains is normally completed by the third neonatal week .
Widespread, variably intense [Beta]III staining was present in the cytoplasm of overt astroglial phenotypes with multipolar fibrillary processes (Figure 2, a through f), in large "ganglioid" astroglial cells with prominent nucleoli and fibrillary cell processes (Figure 2, f), and in small anaplastic cells resembling "primitive" glioblasts
(Figure 2, g).