NEWS
Tags: 

Ocimum acquires Gene Logics genomics division

Ocimum Biosolutions has acquired the genomics division of Gene Logic and raised capital from Kubera Cross Border Fund (KUBC) for an equity investment of up to $17m, including a pro rata investment by affiliates of Kubera Partners.

Ramanan Raghavendran, managing partner at Kubera Partners, said: ‘We believe genomics outsourcing is at the cusp of significant growth, given the demands on the drug discovery function for labs around the world.’

Anuradha Acharya, CEO of Ocimum, said: ‘We were looking for a partner that apart from providing growth capital and acquisition financing has a similar footprint to ours and can understand our business and our global customer service and delivery model.’

Ocimum will retain the Gene Logic name and continue to service customers from Gaithersburg.

Acharya added: ‘We aim to be the number one genomics outsourcing company in the world. We will leverage our global positioning and Gene Logic’s branding and scientific leadership in toxicogenomics, pharmacogenomics and clinical genomics to become a partner of choice for our customers.’

Twitter icon
Google icon
Del.icio.us icon
Digg icon
LinkedIn icon
Reddit icon
e-mail icon
Analysis and opinion
Feature

Robert Roe investigates some of the European projects focusing on preparing today’s supercomputers and HPC programmers for exascale HPC

Feature

The Jülich Supercomputing Centre (JSC) at Forschungszentrum Jülich in Germany has been operating supercomputers of the highest performance class since 1987. Tim Gillett talks to Norbert Attig and Thomas Eickermann

Feature

Gemma Church investigates how simulation and modelling de-risks the detection and extraction of geothermal energy resources

Feature

Robert Roe investigates the importance of upgrading legacy laboratory informatics systems and the benefits this provides to scientists