Skip to main content
Premium Trial:

Request an Annual Quote

Insolvent Integrated Genomics Sells Assets to New Owner


Integrated Genomics is now owned and operated by IG Assets, a Mount Prospect, Ill.-based corporation, according to a statement on the company's website.

IG Assets acquired the rights to company as well as all associated intellectual property. The new owners will continue to operate the Integrated Genomics brand and to provide ERGO subscriptions and genome analysis services to customers "with the original Integrated Genomics team," the website states.

The new firm "has not assumed any of the obligations of Integrated Genomics," according to the statement.

Although specific details about the purchase weren't disclosed, the statement said that, prior to the acquisition, Integrated Genomics became insolvent and that all of its assets were seized by its creditors.

Chicago-based Integrated Genomics was founded in 1997 with a focus in genome-analysis tools for microbial genomics. The company's flagship product is the ERGO web-based genome analysis platform, which integrates proprietary functional genomics data, metabolic reconstructions, expression profiling, and biochemical and microbiological data with publicly available information.

The company has been involved in at least two lawsuits involving former employees, Nikos Kyrpides and Natalia Ivanova, both of whom were recently acquitted (BI12/03/2010).

The Scan

Billions for Antivirals

The US is putting $3.2 billion toward a program to develop antivirals to treat COVID-19 in its early stages, the Wall Street Journal reports.

NFT of the Web

Tim Berners-Lee, who developed the World Wide Web, is auctioning its original source code as a non-fungible token, Reuters reports.

23andMe on the Nasdaq

23andMe's shares rose more than 20 percent following its merger with a special purpose acquisition company, as GenomeWeb has reported.

Science Papers Present GWAS of Brain Structure, System for Controlled Gene Transfer

In Science this week: genome-wide association study ties variants to white matter stricture in the brain, and more.