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Qiagen buys analysis system for $53 million

October 01, 2008
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According to the Associated Press, Netherlands-based diagnostic products maker Qiagen NV has purchased Biotage AB''s biosystems unit for about $53 million in cash as part of a move to expand its genetic analysis products. Sweden-based Biotage could also receive up to $7 million in milestone payments over the next four years. Qiagen gains Biotage''s Pyrosequencing technology, which is used to read DNA-sequences. Qiagen will assume all employees related to the Biosystems business, while Biotage provides certain administrative services for the next 12 months, based on a separate transfer service agreement. Qiagen has been expanding its offerings for genetic-based tests over the last several years. More recently, Qiagen moved into the Chinese market, announcing in September a collaboration with the Chinese Academy of Sciences to develop a wide range of tests to detect food-born pathogens. Under the deal, the company will provide instruments and consumables while the Chinese Academy of Sciences provides the physical space and researchers.

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