Posts in Healthcare
Transfer of Stablelab to Zoetis Inc.

Pegasus Capital has advised Epona Biotech Ltd. on the transfer of its Stablelab diagnostic blood test to Zoetis Inc., the world’s leading animal health company. Stablelab is a hand-held, point-of-care, diagnostic blood test, which detects and quantifies the biomarker Serum Amyloid A, a major acute phase protein produced by the liver. By measuring Serum Amyloid A, Stablelab provides veterinarians with critical information relating to equine inflammation in as little as 10 minutes. Zoetis Inc. will manufacture, market and distribute Stablelab, thereby immediately giving the test significantly increased global coverage in the equine health market.

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HealthcareCatriona Barry
Sale of Arrotek Medical Ltd.

Pegasus Capital has advised Arrotek Medical Ltd. (“Arrotek Medical”) on its sale to Theragenics Corp. Arrotek Medical is a specialist contract development and manufacturing organisation (“CDMO”) based in Collooney, Co. Sligo. Established in 2005, the business focuses on high-end CDMO solutions for minimally invasive catheter-based medical devices. US based Theragenics Corp. is a global supplier of access and procedure medical devices for a range of interventional and endovascular procedures, and is backed by private equity fund Juniper Investments. The addition of Arrotek Medical’s product development capabilities will allow the combined group to better serve existing customers, to address a wider segment of the interventional procedures market and to serve new markets in Europe.

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HealthcareCatriona Barry