This is a public record generated listing.
Assets of Molecular Diagnostics Company
Listing Information
Attachments
Assets of Molecular Diagnostics Company
Price: $585,900.00
Other Item Info
Item #: mabke_509531
Created: 04/15/2023
Category: Business Property > All Assets or Going Concerns > Pharmaceuticals & Biotechnology
Sale Date: None Set
Created: 04/15/2023
Category: Business Property > All Assets or Going Concerns > Pharmaceuticals & Biotechnology
Sale Date: None Set
Seller Info
Donald F. Farrell
Trustee's Attorney
240 Lewis Wharf
Boston, MA 02110
(617) 723-3600
Trustee's Attorney
240 Lewis Wharf
Boston, MA 02110
(617) 723-3600
Bankruptcy Info
Case #: 1:23-bk-10261
Case Title: Lexagene Inc.
Court: Massachusetts Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: Lexagene Inc.
Court: Massachusetts Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of substantially all of assets of Lexagene Inc. (the “Seller”), which includes:
- The operations, parts, equipment, furniture, fixtures, leasehold improvements, products, designs, patent rights, patent applications, licenses, intellectual property, and technologies with respect to in-clinic PCR testing for pathogens and drug resistant genes and other businesses engaged in by the seller on or before the Petition Date including, without limitation, (i) the assets required to develop, manufacture, test, and deliver (A) laboratory testing equipment known as the MiQLab System and (B) related sample preparation cartridges and reagent panels, and (ii) those assets listed on Schedule 1.1(a) of the Agreement (collectively, the “Business”);
- All contracts listed on Schedule 1.1(b) of the Agreement, including the Lease (the “Assumed Contracts”);
- To the maximum extent permitted by Law, all licenses, franchises, permits, certificates, approvals, and authorizations from Governmental Bodies necessary for operation and ownership of the Acquired Assets (collectively, “Permits”);
- any prepayments or good faith or other deposits, including by customers
- for unfulfilled orders covered by Assumed Contracts;
- All books and records of the Business (except as set forth in Section 1.3(a) of the Agreement);
- All recoveries from insurance policies related solely to the Acquired Assets and any rights to assert claims seeking any such recoveries related solely to the Acquired Assets; and
- Claims of the Trustee on behalf of the seller's bankruptcy estate against Meridian, other than as related to this Agreement.
Financial Overview
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