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IDT Acquires Belgian RNA-TEC to Bolster RNAi Play, Nab European Foothold

NEW YORK (GenomeWeb News) - Integrated DNA Technologies said today that it acquired a Belgian company specializing in RNA field to bolster its own offerings in the field and attain a foothold in Europe.
 
The RNA-TEC acquisition is aimed at broadening IDT’s capabilities in the large-scale RNA synthesis and purification space, especially with increased demand for scale-up of IDT’s Dicer-Substrate RNAi compounds for large screens and animal studies.
 
With RNA-TEC, a spin-off company of the University of Leuven, Belgium, IDT can also expand into the European market. IDT plans to update and expand the infrastructure at RNA-TEC’s headquarters.
 
Terms of the deal were not disclosed.