logo


Beckman Coulter to Acquire Cogenics Division from Clinical Data
Wednesday, April 01, 2009 4:33 PM


California-based biomedical testing instrument manufacturer Beckman Coulter has signed a definitive agreement to acquire Cogenics division from Clinical Data, a biotechnology company, for approximately $17 million.

Clinical Data’s Cogenics division provides outsourced genomics services.

Under terms of the agreement, Clinical Data will receive approximately $15.4 million at the closing, which is expected in April.

In addition, Clinical Data expects to retain approximately $2 million in cash from Cogenics immediately prior to the sale. In exchange, Beckman Coulter will acquire all of Cogenics’ operations in the U.S., UK, Germany and France.

The acquisition of Cogenics complements Beckman Coulter’s Agencourt Biosciences’ business, which delivers genomic services and nucleic acid purification products, and expands its reach into new territories.


(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia