NEW YORK (GenomeWeb News) - Bio-Rad Laboratories said today that it has closed its acquisition of antibody manufacturer AbD Serotec, a division of MorphoSys, for around €53 million ($70 million) in cash.

Bio-Rad announced its intention to acquire the business in December.

AbD Serotec offers more than 15,000 antibodies, kits, and accessories. It has an ISO 9001 and ISO 13485 certified production facility in the UK and additional facilities in Germany and the US.

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