BERLIN--Atugen Biotechnology, a new company that has been formed as a spinoff of the target discovery and validation business of Ribozyme Pharmaceuticals, announced the completion of a $20 million initial financing round and the formal opening of its facilities on the Biomedical Research Campus of the Max Delbruck Center here. Officials said the technology transfer, which includes DNA microarray technology and associated bioinformatics, is the first to have occurred from a US biotechnology company to form a new German company as part of the German Biotechnology Initiative.

Get the full story with
GenomeWeb Premium

Only $95 for the
first 90 days*

A trial upgrade to GenomeWeb Premium gives you full site access, interest-based email alerts, access to archives, and more. Never miss another important industry story.

Try GenomeWeb Premium now.

Already a GenomeWeb Premium member? Login Now.
Or, See if your institution qualifies for premium access.

*Before your trial expires, we’ll put together a custom quote with your long-term premium options.

Not ready for premium?

Register for Free Content
You can still register for access to our free content.

CNBC reports that Amazon invested in the startup Grail as it sees an opportunity for its cloud computing company in genomics.

Lawrence Krauss writes at Slate that science is needed for good public policy and should not be ignored.

Researchers are working on re-making the yeast genome from scratch, according to the Associated Press.

In Cell this week: functional profiling of Plasmodium genome, a self-inactivating rabies virus, and more.