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American Biogenetics acquires Stellar :

This article was originally published in Clinica

Executive Summary

American Biogenetic Sciences has bought Stellar Bio Systems in a staged payment deal that could total around $1.4 million in stock and cash. According to ABS, the acquisition will bring it access to new distribution channels for ABS' Thrombus Precursor Protein (tpP) and Functional Intact Fibrinogen (FiF) diagnostic tests. It will also provide its own immunodiagnostic test menu and Antigen Free technology, to produce monoclonal antibodies unattainable by conventional means. ABS will make an initial payment of $700,000 in stock and $120,000 in cash with milestone payments over the next three years.

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