Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By



This article was originally published in The Gray Sheet

Executive Summary

Agrees to acquire the primary assets of Genzyme General's Research Products business for about $65.5 mil. - including $24.8 mil. in cash, $17 mil. in Techne common stock and estimated royalties over five years of $23.7 mil. The Research Products unit assets to be acquired generated about $15 mil. in 1997 and consist of a catalog business offering over 350 recombinant proteins, antibodies, and human, mouse, and rat ELISA research kits to over 4,000 customers. Minneapolis-based Techne, maker of cytokine and cytokine-related reagents and assays for use in basic and clinical research, notes the acquisition will extend its network of scientific contacts and collaborations, add product volume and "improve our manufacturing efficiency and marketing and sales effectiveness." Genzyme General is divesting the business as part of a strategy to "focus on growth businesses consistent with our core competencies," and notes that its diagnostics business will continue to produce in vitro diagnostics including rapid tests, clinical chemistry and immunochemistry products. The deal is expected to close by July 1...

You may also be interested in...

99 Days Until MDR: Time Is Running Out For Medtech As Risky, Volatile Future Looms

The last year of the run up to the full implementation of the MDR has been characterized by a flurry of new documents and measures, but industry is adamant that medtech is heading for a crisis that will impact industry and patients alike.

BrightGene Bets On Remdesivir Amid Patent Questions

Despite many uncertainties, Suzhou-based BrightGene sees a bet on generic remdesivir worthy of a $700,000 investment.

QUOTED. 17 February 2020. Ralph Ives.

The Chinese government's plan to reduce tariffs it imposed on a slew of US exports is expected to have minimal impact on the overall medtech industry. See what Ralph Ives, AdvaMed's executive VP for global strategy, said about it here.   




Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts