Skip to main content
Premium Trial:

Request an Annual Quote

Gene Logic Files for Bankruptcy, Seeks Bidders for Assets


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.

Ocimum said that it has hired life sciences financial services firm Burrill & Co. to find "strategic alternatives related to Gene Logic and its assets."

Burrill will identify bidders for the Gene Logic assets or, as an alternative, try to identify merger partners or investors for the firm.

Ocimum bought Gene Logic in 2007 for $10 million following a steady downturn in the market for gene expression data (BI 10/19/2007).

Gene Logic markets the ToxExpress and BioExpress gene expression databases, as well as the Ascenta biomarker discovery platform and Genesis data-analysis software system.

The Scan

Dropped Charges

The US Justice Department has dropped visa fraud charges against five Chinese researchers, according to the Wall Street Journal.

More Kids

The Associated Press says Moderna is expanding its SARS-CoV-2 vaccine study to included additional children and may include even younger children.

PNAS Papers on Rat Clues to Human Migration, Thyroid Cancer, PolyG-DS

In PNAS this week: ancient rat genome analysis gives hints to human migrations, WDR77 gene mutations in thyroid cancer, and more.

Purnell Choppin Dies

Purnell Choppin, a virologist who led the Howard Hughes Medical Institute, has died at 91, according to the Washington Post.