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Avista Capital Partners

Avista Capital Partners Completes Acquisition of BioReliance Corporation from Invitrogen Corporation

Published in Gastroenterology Week, April 23rd, 2007

Avista Capital Partners, a leading private equity firm, announced it has completed its acquisition of BioReliance Corporation, a business unit of Invitrogen Corporation (NASDAQ:IVGN) for approximately $210 million. BioReliance is a leading contract service organization providing biological safety testing, toxicology, viral manufacturing, and laboratory animal diagnostic services to the pharmaceutical and biopharmaceutical industries globally.

Tim Derrington, who served as General Manager of BioReliance under Invitrogen, has been appointed CEO. Charles Harwood has been appointed Executive Chairman of the BioReliance Board of Directors. Mr. Harwood was previously...

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