QIAGEN to Acquire SABiosciences
QIAGEN N.V. (NASDAQ: QGEN; Frankfurt, Prime Standard: QIA) today announced that it has signed a definite agreement to acquire SABiosciences Corporation, a privately-held developer and manufacturer of disease- and pathway-focused PCR assay panels. SABiosciences is based in Frederick, Maryland (USA), and employs a staff of around 100. The transaction is valued at US$90 million in cash (subject to customary purchase price adjustments) and is expected to close in late December 2009, following approval of SABiosciences' stockholders and the expiration of the statutory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
SABiosciences holds a leading position in the design and commercialization of disease- and pathway-focused real-time PCR-based assay panels ("PCR Arrays"), which are widely utilized in biomedical research and in the development of future drugs and diagnostics. The company's primary product family includes more than 100 real-time PCR assay panels designed for high-performance analysis of DNA, RNA, epigenetic and microRNA targets in biological pathways associated both with specific diseases such as cancer, diabetes, immune and cardiovascular disorders, as well as with pathways such as apoptosis (programmed cell death), signal transduction and toxicology.
Solutions focusing on the analysis of molecular interactions in pathways - a series of actions among molecules in a cell - open up a new dimension for gene analysis. Conventional assay products are usually designed for the study of a single gene's expression and not offered in complete panels covering all genes of interest associated with a specific disease or pathway. SABiosciences, in contrast, is a pioneer in the design of preformatted PCR assay panels and focuses on the biology of entire pathways and interaction of all genes involved in a specific disease. In a single experiment users can therefore learn how gene activity in their samples correlates with the state of a disease of their particular interest. As such, SABiosciences' expertise and unique offering lie in the biomedical and bioinformatics know-how required to design and format such assay panels. Its approach allows biomedical researchers and pharmaceutical companies to facilitate and accelerate the discovery and validation of biomarkers.
The discovery and validation of biomarkers is also of key interest in the development of diagnostics. By supplying disease- and pathway-focused panels to biomedical and pharma activities in discovery and preclinical research, QIAGEN can contribute to the discovery and validation engines of biomedical and pharma institutions. This can prompt collaborations around these engines to create fast-track approvals to new diagnostic content for prevention, profiling (as spin-offs of pharmaceutical research), and personalized healthcare (as an integral interest of the pharmaceutical companies). The transaction is therefore also highly synergistic with QIAGEN's recent acquisition of DxS Ltd which has put the Company in a leading position in the emerging field of personalized healthcare.
Source: QIAGEN GmbH