Welcome: Guest | Site Use Options | Register | Login |

Abcam's $155M Epitomics buyout expands antibody business

Awardee Story Abcam's $155M Epitomics buyout expands antibody business
Date: Mar 06, 2012
Author: John Carroll
Source: Fierce Biotech ( click here to go to the source)

March 6, 2012 — 11:01am ET | By John Carroll

Bidding to up its game in the antibody business, the U.K.'s Abcam has snapped up California-based Epitomics for $155 million. Epitomics, which has a big presence in China, offers rabbit monoclonal antibody tech--RabMAbs--to developers looking for new mAb therapies.

For Abcam, the buyout brings in an organization of 250 employees, with 80 based in San Francisco and 170 in China. In addition to its antibody work, the life sciences company also does work in reagents and in vitro diagnostics. And the buyout is expected to pave the way to more global M&A deals on Abcam's part.

Sign up for our FREE newsletter for more news like this sent to your inbox!

"These are exciting times for Abcam as we continue to source new products to add to our catalogue whilst also searching for M&A opportunities," said CEO Jonathan Milner. "We are delighted to have announced the agreement to acquire Epitomics International Inc., which marks a gigantic step towards our ambition of creating the world's leading life science reagents company."

The buyout is being carried out with a mix of cash and shares. Abcam lined up a credit facility to complete the transaction.

Read more: Abcam's $155M Epitomics buyout expands antibody business - FierceBiotech http://www.fiercebiotech.com/story/abcams-155m-epitomics-buyout-expands-antibody-business/2012-03-06#ixzz1oME6tKu9
Subscribe: http://www.fiercebiotech.com/signup?sourceform=Viral-Tynt-FierceBiotech-FierceBiotech

News Bureau

Your OPPORTUNITY to upload into this extensively used SBIR-STTR Tracking system

  • Published articles about YOUR SBIR-involved firm
  • Press releases for pick-up by other sources
  • Professional papers; White papers; relevant Business materials

It is a rare issue of the major Business Press - WSJ; New York Times; Washington Post - and regional equivalents; magazines of similar importance - The Economist, Fortune, Forbes etc - and now a wealth of electronic communications and daily news feeds that does not include reference to, or articles about, one/more SBIR-STTR Awardees. With the focus usually on what the firm is about - their technical achievement or business emphasis - it is an unusual coverage that even mentions their SBIR involvement. An integral part of the extensive range of data we continuously assembled in our system on all SBIR-STTR involved firms includes this type of press coverage.  Much that we gather includes firms no longer SBIR involved or still in business, nor now eligible. ...more

Contact information

Innovation Development Institute, LLC

   45 Beach Bluff Avenue, Suite 300
     Swampscott,  MA 01907-1542

  Tel:  (781) 595-2920

  support@inknowvation.com