Nusep Holdings (ASX:NSP) has signed a Memorandum of...

Nusep Holdings (ASX:NSP) has signed a Memorandum of Understanding with Minitüb GmbH of Tiefenbach, Germany.

NuSep and Minitüb have entered into an agreement to work together to build the international sales of NuSep’s products in animal reproduction.

Initially the products will comprise NuSep’s SpermSep sperm selection devices and consumables.

This deal gives NuSep access to the leading animal reproduction facilities worldwide, across all the major animal species where artificial insemination is dominant - pigs, cattle and horses.

Minitüb is a biotechnology company specialised in advanced reproduction technologies and molecular biology, serving clients worldwide in agricultural, sport and companion animal breeding as well as in the research community.

Minitüb has eight international subsidiaries including Minitube Australia, a global network of distributors and 300 employees worldwide.

As Minitüb is focussed solely on animal reproduction this agreement excludes the human reproduction sector.

Nusep will continue to work to develop SpermSep’s human reproduction applications separately outside of this agreement.

Minitüb will have exclusive global distribution rights for the NuSep products for use in animal reproduction for an initial period of three years, with an option to extend by mutual agreement.

NuSep and Minitüb will also work together closely on clinical trials, initially in bovine IVF but also later in artificial insemination in other animal species.

Minitüb will manage and fund the costs of clinical trials with NuSep’s products for trials in Europe, the Middle East, Africa and the Americas whilst NuSep will manage and fund the costs of clinical trials conducted in the Asia-Pacific region.