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Canada s Virtek Sells Microarray Business to Bio-Rad

Jun 28, 2002

NEW YORK, June 28--Bio-Rad bought the microarray division of the Canadian laser and automation company Virtek Vision for more than C$10 million (US $6.6 million), Virtek said today.

 

Bio-Rad will obtain all property related to Virtek's ChipReader microarray scanner, its ChipWriter Pro spotter, and its arraying and picking systems.

 

Bio-Rad will establish a new microarray and automation business unit in Virek's operations center in Waterloo, Ontario, and has hired Virtek's employees to continue developing the microarray technology.

More specific financial details of the transaction were not available.

 

Bio-Rad is a major manufacturer of lab products and clinical diagnostics based in Hercules, Calif.

 

Virtek develops lasers for a range of industries. The company has been seeking a purchaser for its microarray division for four months, in an effort to return to profitability.

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