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Caliper Technologies Acquires Zymark

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MOUNTAIN VIEW, Calif., July 15 -- Caliper Technologies Corp., a microfluidic lab-on-a-chip technology developer, announced today it has completed the acquisition of Hopkington, Mass.-based Zymark Corp., a provider of laboratory automation, liquid handling and robotics solutions to the life sciences, biotechnology and pharmaceutical industries. Caliper has purchased Zymark for approximately $57 million and 3.15 million shares of Caliper common stock. The agreement also provides for a potential additional earn-out stock component of up to 1.575 million shares of Caliper stock if specified...Read full article

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    Published: July 2003
    Glossary
    lab-on-a-chip
    A lab-on-a-chip (LOC) is a miniaturized device that integrates various laboratory functions and capabilities onto a single, compact chip. Also known as microfluidic devices, lab-on-a-chip systems are designed to perform a variety of tasks traditionally carried out in conventional laboratories, but on a much smaller scale. These devices use microfabrication techniques to create channels, chambers, and other structures that facilitate the manipulation of fluids, samples, and reactions at the...
    Caliper Technologies Corp.lab-on-a-chiplaboratory automationmicrofluidicNews & FeaturesZymark Corp.

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