SurModics Inc (SRDX)

[Democritus_of_Abdera]

Possible sale of pharmaceutical business...

In the “Subsequent Events” section of the 10K (pg 4-5) filed today one finds the following quote:

In addition, in December 2010, we announced that the Board of Directors of the Company had authorized the Company to explore strategic alternatives for the Company’s Pharmaceuticals business, including a potential sale of that business. This decision by the Board reflects our focus on returning the Company to profitable growth, and our renewed commitment to pursuing growth opportunities and investments in our Medical Device and In Vitro Diagnostics businesses. We have retained Piper Jaffray & Co. as our financial advisor in connection with this process. The Company has made no decision to enter into any transaction regarding the Pharmaceuticals business, and there can be no assurance that we will enter into such a transaction in the future. Additional details concerning this announcement can be found in the Company’s Current Report on Form 8-K expected to be filed with the Securities and Exchange Commission on or before December 20, 2010.

see: http://www.sec.gov/Archives/edgar/data/924717/000095012310113522/c61767e10vk.htm