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DuPont Inks Deal to Acquire Microbiome Firm Taxon

Apr 22, 2015 | staff reporter

NEW YORK (GenomeWeb) – DuPont announced today that it has signed a deal to acquire microbiome discovery firm Taxon Biosciences.

Founded in 2000, Taxon uses genomics, bioinformatics, and microbiology to develop microbial-based products for agriculture.

"The acquisition of Taxon will complement and enhance our in-house microbial discovery programs," Frank DeGennaro, director of DuPont Biologicals, said in a statement. "With this added capability, we expect to accelerate our time from discovery to market and we are field testing biological discovery leads identified by Taxon this year."

Financial terms of the deal were not disclosed. DuPont said it expects the acquisition to close in the second quarter.

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Business News
Applied Markets: Ag-Bio, Veterinary, Forensics, Food Safety, & Environmental Testing
mergers & acquisitions
microbiome
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