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Diagnostics
Gen-Probe Completes Acquisition of Tepnel Life Sciences
April 26th, 2009
Gen-Probe (NASDAQ:GPRO) announced that the Company has completed its acquisition of Tepnel Life Sciences, plc, a rapidly growing molecular diagnostics and pharmaceutical services company based in the United Kingdom, for 27.1 pence ($0.40)(1) per share, or approximately 92.8 million pounds sterling ($136.4 million) in total. "We believe this acquisition brings Gen-Probe new growth opportunities in transplant diagnostics, genetic testing and pharmaceutical services, and also accelerates our European expansion strategy," said Carl Hull, Gen-Probe's president and chief operating officer. "We are very pleased to close the transaction and are ready to work with our new...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-26)
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