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Beckman Coulter/NexGen

This article was originally published in The Gray Sheet

Executive Summary

Beckman Coulter agrees to buy the remaining 80% of NexGen Diagnostics, which was spun off from Lumigen when Beckman Coulter bought Lumigen in 2006 (1"The Gray Sheet" Oct. 9, 2006, In Brief). NexGen's assets are intellectual property unrelated to current products. The technology will "simplify and automate certain types of immunodiagnostics and nucleic acid testing in remarkable ways, dramatically enhancing the performance of assays and accelerating turn-around time of test results," explains Richard Creager, VP of Beckman Coulter's Immunoassay Business Center. Beckman expects to take a charge of about $36 million for in-process R&D when the deal closes at the end of 2007

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