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BRIEF-Comvita Limited says sold Medihoney brand and related intellectual property to Derma Sciences
January 11, 2017 / 11:11 PM / 8 months ago

BRIEF-Comvita Limited says sold Medihoney brand and related intellectual property to Derma Sciences

Jan 12 (Reuters) - Comvita Ltd

* Comvita to realise nz$30m from us transactions

* Sold its medihoney brand and related intellectual property and goodwill to its long term US partner Derma Sciences, Inc in a comprehensive transaction

* Proceeds will initially be applied to debt reduction and then for funding strategic initiatives and potential acquisitions

* Medihoney transaction will be unaffected by Derma Sciences acquisition by Integra Source text for Eikon: Further company coverage:

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