Bio-Rad Laboratories Inc.
Bio-Rad Laboratories Inc. of Hercules,
Calif., has announced its purchase of Ciphergen Biosystems Inc.’s ProteinChip
Systems business and rights to the Fremont, Calif., company’s surface-enhanced
laser desorption/ionization technology. The cash transaction, totaling approximately
$20 million, gives the buyer manufacturing capability, selected product lines, intellectual
property and access to an expanded life sciences customer base, but leaves Ciphergen
rights to the diagnostics market. In a separate agreement, Bio-Rad has invested
$3 million in equity in the firm and has agreed to supply it with reagents and instruments.