Bio-Rad Purchases MJ GeneWorks, Inc.
Bio-Rad Laboratories, Inc., a multinational manufacturer and distributor of life science research products and clinical diagnostics, announced the completion of the purchase of MJ GeneWorks, Incorporated, and its subsidiaries, including MJ Research, Inc., for approximately $32 million in cash and the assumption of certain liabilities of those companies, including liabilities related to certain patent infringement litigation to which MJ Research is a party, plus a cash earn-out based on the outcome of such litigation. The sale is effective immediately. MJ Research, based in Waltham, Massachusetts, is a life science company that specializes in premium instruments and consumables used in modern biological research, including thermal cycling instrumentation and reagents used to amplify DNA. MJ Research pioneered the use of Peltier-effect technology and has introduced a number of other innovations in the thermal-cycling field.
“The study of DNA and the function of genes continues to be an expanding area in the life sciences. With the addition of MJ GeneWorks, Bio-Rad will be able to provide researchers in this field with an expanded product portfolio of innovative gene expression technology, backed by an unparalleled global support network. The combined product vision is expected to fuel future developments in this area”. said Norman Schwartz, Bio-Rad President and CEO.
For more information visit http://www.bio-rad.com/info/MJR/
Bio-Rad Laboratories, Inc. (www.bio-rad.com) is a multinational manufacturer and distributor of life science research products and clinical diagnostics. It is based in Hercules, California, and serves more than 70,000 research and industry customers worldwide through a network of more than 30 wholly owned subsidiary offices.
