LifeAssays AB (publ) (NGM:LIFE B) signed a non-binding letter of intent letter of intent to acquire Magnasense Ltd. in stock on August 17, 2015. LifeAssays will issue new shares as part of consideration. Lotta Pohjanpalo and Kim Ekqvist of Waselius & Wist acted as legal advisor to LifeAssays AB (publ) (NGM:LIFE B).

LifeAssays AB (publ) (NGM:LIFE B) completed the acquisition of Magnasense Ltd. for €0.45 million on November 5, 2015. LifeAssays AB will issue approximately 80.31 million B-shares to the owners of Magnasense Ltd.