Biobase Acquires Incyte s Proteome Group to Expand Product Line and US Presence | GenomeWeb

Incyte has jettisoned the last of its database holdings with the sale of its Proteome subsidiary to Biobase of Wolfenb ttel, Germany.

The deal effectively closes the door on Incyte’s information business, but should open another one for Biobase, which gains access to Proteome’s BioKnowledge Library and LifeSeq Foundation databases — along with an important foothold in the US market.

Financial terms for the acquisition were not disclosed, but Biobase said it financed the transaction through a fund managed by Avida, a private equity firm.

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