NEW YORK (GenomeWeb News) — UK proteomics shop NextGen Group has acquired protein identification-services company Proteomic Research Services for as much as $1.7 million in cash and stock, NextGen said today.

 

NextGen, eager to get a foothold in the US market, said it has acquired all of Ann Arbor, Mich-based PRS’ share capital for an initial payment of $498,000 and as much as $1.2 million more that will depend on PRS’ revenue over the next three years.