Breaking News

Agena Acquires Sequenom’s Bioscience Business

June 2, 2014

Will continue the manufacture and sale of the MassARRAY System

Sequenom, Inc., a genetic analysis solutions provider, has sold its Bioscience business to Agena Bioscience, a portfolio company of Telegraph Hill Partners, for $31.8 million, subject to certain adjustments. Sequenom is also eligible to receive as much as $4 million for certain regulatory and sales milestones.
Agena Bioscience took on the facility lease for the Bioscience location in San Diego and will offer employment to all of the current Bioscience employees. The acquired business will continue to manufacture and sell the MassARRAY System, a mass spectrometry-based genetic analysis instrument and associated products and services for research and clinical investigators.
"We are pleased to sell the business to Agena Bioscience and Telegraph Hill Partners as they plan to invest in the growth of the Bioscience business to achieve its full potential. This sale strengthens our balance sheet, and will enable us to focus exclusively on our Sequenom Laboratories business as we work toward achieving profitability," said Harry F. Hixson, Jr., chairman and chief executive officer of Sequenom.
  • Analytical Testing Outsourcing Trends Update

    Analytical Testing Outsourcing Trends Update

    January 26, 2017
    Spurred by many factors, global analytical testing services market is experiencing rapid growth in the range of 11% per year

  • The Human Parts of Mouse Models

    The Human Parts of Mouse Models

    Julia Schueler, Head of in vivo Operations, Oncotest, a Charles River company ||October 11, 2016
    The PDX model system has come back into focus

  • Robust Assay Designs

    Robust Assay Designs

    Tim Wright, Editor, Contract Pharma||October 11, 2016
    Easing the transition from preclinical to clinical research