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Ownership & Assets Sale of Virginia Biotechnology Companies
Listing Information
Attachments
Ownership & Assets Sale of Virginia Biotechnology Companies
Price: Not Specified
Other Item Info
Item #: vawbke_235261
Created: 02/15/2014
Category: Business Property > All Assets or Going Concerns > Pharmaceuticals & Biotechnology
Sale Location: Charlottesville, Virginia
Sale Date: Mon. Mar 10, 2014
Primary Office Location: 705 Dale Avenue # D, Charlottesville, VA 22903
Created: 02/15/2014
Category: Business Property > All Assets or Going Concerns > Pharmaceuticals & Biotechnology
Sale Location: Charlottesville, Virginia
Sale Date: Mon. Mar 10, 2014
Primary Office Location: 705 Dale Avenue # D, Charlottesville, VA 22903
Seller Info
Christian K. Vogel
Trustee's Attorney
951 East Byrd Street, 8th Floor
Richmond, VA 23219
804-916-7198
Trustee's Attorney
951 East Byrd Street, 8th Floor
Richmond, VA 23219
804-916-7198
Bankruptcy Info
Case #: 6:14-bk-60188
Case Title: MicroLab Diagnostics, Inc.
Court: Virginia Western Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: MicroLab Diagnostics, Inc.
Court: Virginia Western Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of 100% ownership in ZyGEM Limited, a Virginia firm including all assets of the business and substantially all of the assets of the MicroLab Diagnostics, Inc.
Seller's Assets in the Business:
(1) (ZyGEM CORPORATION) include the Patent Rights and Other Assets - (i) All Available Books and Records and (ii) 100% of Shares in ZyGEM Corporation Limited.
(2) (MicroLab Diagnostics, Inc) includes Equipments - (i) DNA Analyzer Prototypes (full and partial), (ii) Broadboards, (iii) Test Benches and (iv) All Equipment and Tools in Lab at 705 D Dale Avenue, Charlottesville, Virginia,Patent Rights and Other Assets - (i) Design Documents, (ii) All Available Books and Records and (iii) Any and all assets identified in that certain Technology Assignment Agreement dated May 19, 2010 between MicroLab Diagnostics, Inc. and John Pettit, Ph.D. and Pettit Applied Technologies, Inc.
The detail information of sale items is described in "SCHEDULE 1.a.1: Assets"on the attached PDF.
Financial Overview
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Sale Location
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Charlottesville, VA, 22902
Additional Details
Auction Sale in US Bankruptcy Court:
Western District of Virginia, Lynchburg Division
Courtroom 200
255 West Main Street, Charlottesville, Virginia 22902.
Auction Time : 10:00 a.m. Eastern Time
Bid Deadline - on or before March 6, 2014 at 5:00 p.m. (Eastern Time)
Minimum Bid Amount - $4,000,000
Bid Deposit - Five (5%) of Minimum Bid Amount
Minimum Bid increament amount - $25,000
Baseline Bid - no later than March 7, 2014 at 5:00 p.m. Eastern Time.
Last date to respond - No later than March 6, 2014