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IntregraGen Wins $2.5M Investment From DSM, Signs Molecular Dx Pact

NEW YORK (GenomeWeb News) — IntegraGen today said it has received a €2 million ($2.5 million) equity investment from DSM Venturing, with which it has also signed a research partnership to develop molecular diagnostics.
Under the terms of the agreement, IntegraGen will receive upfront fees, licensing fees, and funding to develop gene-based diagnostic and prognostic tests.
DSM, a branch of Royal DSM, will pay royalties earned from product commercialization, although each company will hold rights to developments falling within its area of focus.