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NEW YORK (GenomeWeb) – Sysmex, a Japanese in vitro diagnostics company, has signed a deal to acquire all the shares of Oxford Gene Technology, OGT said today.

Upon completion of the deal, OGT will become a wholly owned subsidiary of Sysmex. Further terms were not disclosed, though OGT CFO Tim Hall said that the deal is likely to close by mid-June.

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Prosecutors have charged a former Drexel University professor with theft for allegedly spending federal grant money on adult entertainment and other unrelated expenses, according to the Philadelphia Inquirer.

 

Chris Collins, a former US representative, has been sentenced to more than two years in prison in an insider trading case involving an Australian biotechnology firm, the New York Times reports.

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