NEW YORK, Jan. 18 (GenomeWeb News) - German bioinformatics firm Biobase has acquired Proteome, a subsidiary of Incyte, for an undisclosed amount.
Proteome, located in Beverly, Mass., produces the BioKnowledge Library, a six-volume database containing information about proteins, particularly pharmaceutically relevant targets and signaling pathways.
Biobase said that the acquisition broadens its biological database product line, and that the incorporation of Proteome's US offices is expected to triple Biobase's size. Biobase will, however, maintain its headquarters in Wolfenbuttel, Germany.
The transaction was financed by a fund managed by private equity firm Avida.