NEW YORK (GenomeWeb) – Transgenomic today announced an agreement to sell the rights to it Surveyor Nuclease technology and assets to Integrated DNA Technologies for a minimum of $4.25 million.

IDT will make a $3.65 million upfront payment with additional payments totaling at least $600,000 in the first year of the agreement. Rights to the Surveyor patents, license, technology, know-how, and trademarks, and all product inventory will be transferred to IDT.

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