Wednesday, August 26, 2015
The Oslo Cancer Cluster Innovation Park in Norway has opened. A $122.8 million, public-private investment, the Innovation Park brings together the research, healthcare and industry partners in the Oslo oncology value chain with the Ullern High School.
Valeant Pharmaceuticals International has entered into a definitive agreement under which a wholly owned subsidiary of Valeant will acquire Sprout Pharmaceuticals on a debt-free basis for about $1 billion in cash, plus a share of future profits based upon the achievement of certain milestones.
Roche has signed a definitive agreement to acquire Kapa Biosystems, a privately held company based in Wilmington, Mass. Kapa Biosystems is a provider of genomic tools in the life sciences sector that employs proprietary technologies to optimize enzymes for next-generation sequencing (NGS), as well as polymerase chain reaction (PCR) and real-time PCR applications.
Cancer Genetics (CGI), a global, DNA-based cancer diagnostics service, will acquire substantially all the assets and operations of Los Angeles-based Response Genetics, a developer of clinical diagnostic tests for cancer. Response Genetics has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the Delaware Bankruptcy Court.