Pure Beauty Australia Pty Ltd. agreed to acquire BioElixia® branded products range from Phosphagenics Limited (ASX:POH) for AUD 0.2 million on August 10, 2017. As per the terms of the transaction, AUD 0.2 million will be paid as upfront payment and on-going royalties of 5% based on net sales of product incorporating TPM®, and income from Pure Beauty Australia’s purchases of TPM® as part of an associated 10 year supply agreement. The completion of the transaction is expected to occur next week. Kyahn Williamson of WE Buchan acted as public relations advisor in the transaction. Pure Beauty Australia Pty Ltd. completed the acquisition of BioElixia® branded products range from Phosphagenics Limited (ASX:POH) in August 2017.