Sunridge International (PINK:SNDZ), announced today that it will not be moving forward with the sale of its assets to Westhouse Medical of London, England due to Westhouse's failure to make certain payments as required by the asset purchase agreement entered into between the parties.
Sunridge International (PINK:SNDZ) announced today that it has received a $1,000,000 payment from Westhouse Medical of the United Kingdom, as partial payment towards the purchase of assets from Sunridge International. Another $1,000,000 payment will be made when the sale is concluded in approximately 45 days.
Westhouse Medical Services Plc. (FRA:5WM) Acquires Revolutionary Glaucoma Treatment and Device Patents from US Quoted Company, Sunridge International
Healthcare specialist Westhouse Medical Services Plc. (FRA:5WM) today announces it has entered into a US$2,000,000 cash and bond deal to acquire assets of Sunridge International. Sunridge will deliver the patents, manufacturing rights, distribution agreements and intellectual property for Pneumatic Trabeculoplasty (PNT) - the method of treatment and equipment used to treat glaucoma and ocular hypertension.