AMAG Announces Plans to Sell CBR® to GI Partners for $530M

AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG)  announced, on June 15, 2018, that it has entered into a definitive agreement to divest Cord Blood Registry (CBR®) to GI Partners, a private equity investment firm, for $530 million in an all cash sale. The parties expect to close the transaction in the third quarter of 2018.

GI Partners will also simultaneously acquire  California Cryobank (CCB), the world’s premier donor sperm and egg bank in a combined transaction

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