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Invitrogen Closes $391M Dynal Acquisition

NEW YORK, April 1 (GenomeWeb News) - Invitrogen closed its acquisition of privately held Dynal Biotech in a deal valued at approximately $391 million, the company said today.

The deal gives Invitrogen Dynal's Dynabeads magnetic separation-technology business and its HLA diagnostics segment. The acquisition, announced in February, moves Invitrogen for the first time into an FDA-regulated market through Dynal's in vitro diagnostics customers like Roche Diagnostics and Bayer.

Invitrogen bought Dynal, which has operations in China, from majority owner Nordic Capital of Sweden. The firm supplies magnetic particles to diagnostics manufacturers for use in high-throughput automated immunoassays as well as other diagnostic instrument systems. Nordic and Ratos purchased Dynal for $190 million in 2001.

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