Sullivan & Worcester Advises E Ink on Sale of Digital Microfluids Unit to Nuclera
Led by Truman Bidwell and Avi Rao, a Sullivan team advised E Ink, the leading innovator of electronic ink technology, in the sale of its digital microfluidics unit to a newly formed U.S. subsidiary of Nuclera Nucleics Ltd , a fast-growing U.K. biotech company developing enzymatic protein and gene synthesis technologies.
E Ink has been working in a strategic partnership with Nuclera since 2018 to deploy Nuclera’s proprietary biopolymer synthesis technologies on E Ink’s digital microfluidic devices. Combining the technologies of the two companies will enable the delivery of a revolutionary desktop protein and gene “bioprinter” with breakthrough speed and convenience. Adoption of this ground-breaking product by researchers is expected to dramatically increase the rate of development and commercialization of new biomaterials in markets of global importance including human health, agriculture, and many more.
In the transaction, E Ink contributed intellectual property, equipment, and highly specialized scientists and engineers to Nuclera, while E Ink became the largest strategic shareholder in Nuclera. Nuclera’s US subsidiary will be co-located within the E Ink Innovation Center in Billerica, MA, a short distance from biotech technology hub, Cambridge, MA. E Ink will continue to be a strategic supplier to Nuclera for key electronic components of Nuclera’s desktop bioprinter.
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