HGP & ALT to Conduct Auction of Assets From Five Prime Therapeutics’ South San Francisco Lab

Online Auction Features State-of-the-Art Lab Equipment

April 14, 2020 - April 16, 2020
https://www.hgpauction.com/auctions/102868/fiveprime/

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services, today announced that in partnership with American Laboratory Trading (“ALT”), they will be conducting an online auction of equipment assets from the laboratory facility of Five Prime Therapeutics, Inc. (“Five Prime”) in South San Francisco, CA. Five Prime is reducing its focus on research activities, and as a result, has laboratory equipment it no longer requires for its future operations.

The online auction opens April 14, 2020 and closes April 16, 2020. The sale catalog is currently posted with equipment photos, descriptions and links to the auction registration. Additional information can be found on HGP’s website as well.

“This is a tremendous purchasing opportunity for research companies of all types to acquire late model, highly desirable & well-maintained lab equipment. We are confident the demand will be strong from buyers around the world,” said Craig Thompson, Vice President of Sales at HGP.

Nick Dove, EVP of HGP added, “HGP conducts around 75 auctions of biotech and pharma equipment per year and it is rare to see the quality and type of lab assets offered in this auction. It is a fantastic offering of instruments that can procured immediately by other life science companies.”

Notable assets up for auction include:

• Sartorius Benchtop BioStat Reactors
• 20+ HPLCs, UPLC’s & FPLC’s
• (4) Flow Cytometers including a BD LSRFortessa X-20
• (80+) Assorted Freezers
• (50+) Assorted Centrifuges
• (40+) Bio Safety Cabinets
• (20+) Assorted Microscopes
• (15+) Assorted Liquid Handlers
• And More!

Jayson Bernstein, President of ALT noted, “We are pleased to be working alongside HGP with the goal in mind to find long term homes for these instruments and preserve their asset life cycle. Our customers are eagerly awaiting the opportunity to purchase these quality instruments.”

About HGP: Heritage Global Partners, Inc. is a subsidiary of Heritage Global Inc. (OTCQB: HGBL, CSE: HGP), a diversified financial services company providing asset-based acquisition, disposition, valuation, and lending services.

About ALT: Headquartered in East Lyme, Connecticut, American Laboratory Trading one of the largest resellers of used lab equipment in North America with over 10,000 lab assets in stock.