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Invitrogen Shares Gain 5.7 Percent on Zymed Acquisition News

NEW YORK, Jan. 10 (GenomeWeb News) - Shares in Invitrogen were up 5.74 percent, or $3.70, at $68.18 in mid-afternoon trading after the company said it plans to acquire antibody manufacturer Zymed Laboratories.

 

As GenomeWeb News reported this morning, Zymed, based in South San Francisco, Calif., sells immunoassay reagents for research and clinical diagnostics. The company has more than 2,000 antibodies and related products suitable for research in the areas of cancer, neurological diseases, and infectious disease.

 

Following the acquisition, which Invitrogen said it will close for $60 million in cash around the end of February, Zymed's South San Franciscofacility will become the main site for Invitrogen's antibody production and distribution.

 

Invitrogen expects Zymed to generate $15 million in sales during the first year following the acquisition.

The Scan

And Back

The New York Times reports that missing SARS-CoV-2 genome sequences are back in a different database.

Lacks Family Hires Attorney

A lawyer for the family of Henrietta Lacks plans to seek compensation from pharmaceutical companies that have used her cancer cells in product development, the Baltimore Sun reports.

For the Unknown

The Associated Press reports that family members are calling on the US military to use new DNA analysis techniques to identify unknown sailors and Marines who were on the USS Arizona.

PLOS Papers on Congenital Heart Disease, COVID-19 Infection Host MicroRNAs, Multiple Malformation Mutations

In PLOS this week: new genes linked to congenital heart disease, microRNAs with altered expression in COVID-19, and more.