Close Menu

NEW YORK ─ Bio-Techne after the close of the market on Wednesday announced that it is acquiring molecular diagnostics firm Asuragen for an initial payment of $215 million in cash and up to $105 million contingent upon Asuragen meeting future milestones.

Minneapolis-based Bio-Techne said it will finance the transaction with cash on hand as well as an existing revolving line of credit, and it anticipates closing the deal in its fiscal fourth quarter, which ends in June.

Asuragen booked revenues of more than $30 million in 2020, Bio-Techne said.

To read the full story....

...and receive Daily News bulletins.

Already have a GenomeWeb or 360Dx account?
Login Now.

Don't have a GenomeWeb or 360Dx account?
Register for Free.

According to the Washington Post, the Biden Administration is set to make changes to federal restrictions on fetal tissue research.

NPR reports that researchers have developed chimeric embryos as part of work toward growing human organs in animals for organ transplants.

In Science this week: approach to isolated trace DNA from archaic humans from sediments, and more.

Texas Monthly looks into the DNA Zoo being collected by Baylor College of Medicine researchers.