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Bio-Rad Laboratories Inc.

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Bio-Rad Laboratories Inc. of Hercules, Calif., has announced its purchase of 2583%%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...Read full article

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