-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MDV1SqBfV3hTD18WBPRszFA2L/JklPzg1x7IsKvjK0PCAQXsdBj4WRLxLRjKzIRC KF2h6g6PQY7KyJNc07BdhQ== 0000830736-96-000021.txt : 19961113 0000830736-96-000021.hdr.sgml : 19961113 ACCESSION NUMBER: 0000830736-96-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961104 ITEM INFORMATION: Other events FILED AS OF DATE: 19961112 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIOPOOL INTERNATIONAL INC CENTRAL INDEX KEY: 0000830736 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 581729436 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17714 FILM NUMBER: 96658136 BUSINESS ADDRESS: STREET 1: 6025 NICOLLE ST SUITE A CITY: VENTURA STATE: CA ZIP: 93003 BUSINESS PHONE: 8056540643 MAIL ADDRESS: STREET 1: 6025 NICOLLE STREET CITY: VENTURA STATE: CA ZIP: 93003 FORMER COMPANY: FORMER CONFORMED NAME: CYTRX BIOPOOL LTD DATE OF NAME CHANGE: 19890716 8-K 1 _______________________________________________________________________ _______________________________________________________________________ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 4, 1996 _____________________________________________________________________ COMMISSION FILE NUMBER 0-17714 _____________________________________________________________________ BIOPOOL INTERNATIONAL, INC. (Exact name of Registrant as specified in its charter) DELAWARE 58-1729436 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 6025 NICOLLE STREET VENTURA, CALIFORNIA 93003 (Address of principal executive offices) (805) 654-0643 (Registrant's telephone number including area code) _______________________________________________________________________ _______________________________________________________________________ ITEM 5. OTHER EVENTS Reference is made to the press release of Registrant, issued on November 4, 1996, which contains information meeting the requirements of this Item 5, and which is incorporated herein by this reference. A copy of the press release is attached to this Form 8-K as Exhibit "A." 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: November 8, 1996 BIOPOOL INTERNATIONAL, INC. ___________________________ _________________________________ (Registrant) /s/ Michael D. Bick, Ph.D. _________________________________ Michael D. Bick, Ph.D. Chief Executive Officer and Chairman of the Board 3 EXHIBIT A CONTACTS: Michael D. Bick, Ph.D. Chairman and Chief Executive Officer Carol Hill Corporate Communications (805) 654-0643 FOR IMMEDIATE RELEASE BIOPOOL INTERNATIONAL ENTERS INTO AGREEMENT TO ACQUIRE BLOOD GROUP SEROLOGY BUSINESS FROM ORGANON TEKNIKA VENTURA, California (November 4, 1996)--Biopool International, Inc. (Nasdaq:BIPL) today announced that it has signed a definitive Sales and Purchase Agreement to acquire the assets of the Blood Group Serology (BGS) business from Organon Teknika. Organon Teknika is a business unit of Akzo Nobel headquartered in Arnhem, the Netherlands. The BGS product line consists of over 75 products used by blood bank facilities located in hospitals, blood ce nters, and commercial reference laboratories to screen for specific antibodies and to group and type whole blood. The worldwide market for blood serology reagents and RhIG products is currently estimated to be $435 million. The BGS product line is sold in over 30 countries worldwide and is the fourth largest in the U.S., enjoying an approximate 5% market share. 1996 revenues from BGS products are expected to be approximately $7 million, nearly doubling Biopool's current revenue base. The BGS assets to be acquired include a 36,000 square foot facility in West Chester, Pennsylvania; approximately 50 employees at that site; 10 outside sales representatives; and equipment, technology, and certain cell lines associated with the BGS business. Sales of Biopool's BGS and hemostasis products in the U.S. will be carried out by a combined sales force of 12 full-time representatives, working closely with key distributors. Outside the U.S., the BGS product line will continue to be distributed in most countries by the Organon Teknika affiliates who currently sell those products, pursuant to a two-year distribution agreement between Organon Teknika and Biopool. Michael D. Bick, Ph.D., Biopool's chief executive officer, said, "We are very excited about the potential offered by this acquisition. The BGS product line has a long history of quality 4 Biopool International, Inc. November 4, 1996 Page 2 and represents a comprehensive product offering to the blood bank laboratory. There is a great deal of synergy between the BGS products and existing Biopool hemostasis products, which we feel will enable us to promote a more comprehensive product line to our customers. In addition, the distribution agreement with Organon Teknika for non-U.S. sales will assure that there is no disruption of supply to existing customers for the BGS products, while at the same time creating exciting opportunities for the distribution of existing Biopool products, and ultimately, expansion of our business globally." Although the purchase agreement contains certain conditions which must be fulfilled prior to closing, the deal is expected to close by December 31, 1996. Although the specific terms of the deal have not been disclosed, Biopool expects to pay the all-cash purchase price through debt and possibly equity financing. Founded in 1987, Biopool International develops, manufactures, and markets a full range of test kits to assess and diagnose disorders of blood coagulation, thrombotic risk factors, fibrinolysis, platelet function, and the vascular system, as well as specialty chemistry controls used to monitor and measure the presence of drugs of abuse. The Company's products are sold to hospitals and clinical and reference laboratories on a world-wide basis through an extensive network of distributors. # # # 5 -----END PRIVACY-ENHANCED MESSAGE-----