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Genzyme

In separate agreements, Roche has obtained a worldwide sub-license from Genzyme to develop the EGFR assay, and will collaborate with OSI Pharmaceuticals to develop the companion diagnostic.

Clearance from the FTC removes one hurdle for the $925 million deal, which is expected to close on or about Dec. 1.

Part of the funds from the offering will be used to pay for LabCorp's $925 million acquisition of Genzyme Genetics.

This week executives from several firms in the molecular research tools and molecular diagnostics fields made their pitch to investors at the annual UBS Global Life Sciences Conference.

Genzyme's genetics division, when combined with the Monogram Biosciences assets that it acquired last year, should help bolster LabCorp's position as a provider of personalized medicine products for cancer.

LabCorp will purchase the Genetics segment in its entirety, including all testing services, technology, intellectual property rights, and its nine testing laboratories and offer employment to all of its 1,900 employees.

Movers & Shakers

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Ian Walker, Ian Abercrombie, Stefan Gruenwald

Movers & Shakers

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Andreas Menrad, Jurgen Wahl, Ranier Kroell

As part of the deal, which is expected to give Targeted Genetics enough cash to continue operations through 2010, the firm licensed back the technology and IP for certain drug-development efforts, including its RNAi-based Huntington’s disease program.

Massachusetts Biotech-Labor Dispute, Lexington (Mass.) Technology Park, Pfizer-Wyeth Merger

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Bloomberg reports that the DNA-for-cash deal reported in Kentucky might be a more widespread scam.

St. Jude Children's Research Hospital scientists have treated infants with X-linked severe combined immunodeficiency using gene therapy in an early phase study.

St. Louis Public Radio reports that some African Americans are turning to DNA ancestry testing to help guide genealogical searches.

In Nature this week: a genomic analysis of the snailfish Pseudoliparis swirei, ancient DNA analysis gives insight into the introduction of farming to England, and more.