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Affymetrix Inc.

BioPhotonics
Feb 2012
In California, Affymetrix Inc. of Santa Clara has signed a definitive agreement to acquire eBioscience Inc. of San Diego for $330 million in cash, subject to certain customary adjustments. The transaction was expected to close late in fourth-quarter 2011. “With eBioscience, Affymetrix will significantly expand its addressable markets by adding an industry-leading portfolio of cell-based and immunoassays,” said Dr. Frank Witney, president and CEO of Affymetrix. “These new products are a critical part of our customers’ work flow in our key target markets of translational medicine, oncology and immunology.” The company expects to maintain eBioscience’s management team and operations in San Diego.


GLOSSARY
flow cytometry
A method of measuring the characteristics of microscopic particles, usually cells, as they flow in a fluid stream through a beam of light. Particles may be stained with fluorescent dye and the fluorescence detected via laser illumination.
AffymetrixAmericasbiophotonicsBusinessCaliforniaCIT BankCIT Healthcare LLCcytokinesdefinitive agreement acquisitioneBioscienceflow cytometryFrank WitneyGE CapitalHealthcare Financial Servicesimmunoassay reagentsimmunologymolecular diagnosticsoncologyRapidScanreagentsSilicon Valley Bankstem cell biologytranslational medicine

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