Gene Logic Files for Bankruptcy, Seeks Bidders for Assets | GenomeWeb

Ocimum Biosolutions is seeking a buyer for the assets of genomic services and database subsidiary Gene Logic.

Gene Logic, based in Gaithersburg, Md., is the US subsidiary of Hyderabad, India-based Ocimum. It filed for Chapter 11 in mid-October.

According to bankruptcy proceedings, an auction of substantially all of the Gene Logic assets is scheduled for Jan. 6, 2012, with a Jan. 4 deadline for submitted bids. A sale hearing is scheduled for Jan. 10 in the US Bankruptcy Court for the District of Delaware.

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