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Enzo Biochem Acquires Assay Designs, Inc. Further Expanding Life Sciences Operations.

Publication: Business Wire
Publication Date: 12-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Acquisition Seen to be Accretive to Operating Results, Providing a Broader Complementary Product Line and Experience in Immunoassay Development

NEW YORK -- Enzo Biochem, Inc. (NYSE:ENZ) today announced the acquisition of substantially all the assets of privately-owned Assay Designs, of Ann Arbor, MI, for a purchase price of approximately $12.2 million in cash, subject to post-closing purchase price adjustments based on Assay Design's working capital as of the closing date. The acquisition is expected to be accretive to operating results. Founded in 1992, Assay Designs sells worldwide a steadily expanding research product line that includes kits and reagents for the detection and quantification of small molecules and proteins that are important in inflammation and immunity, oxidative...

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