Abcam to be sole distributor for Fusion
Cambridge online antibody supplier, Abcam, is to be the sole distributor of a product line of 46 immunology research antibodies from Northern Ireland-based, Fusion Antibodies Ltd.
The Fustion antibodies complements Abcam’s core focus on immunology and expands its catalogue into areas such as assay testing kits. The agreement consists of a purchase of existing inventory of the antibodies and the rights for Abcam to convert this agreement from sole distribution into exclusive distribution for a small fee per antibody over the next seven years.
Jonathan Milner, Abcam’s CEO, said: “This is a small but important deal for Abcam. This type of product acquisition enables us to take advantage of high margin products and we consider this transaction to complement our recently announced plans to increase our own production with a high throughput laboratory.”