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Detroit's Asterand acquires BioSeek
Thursday, December 3, 2009
| Source:
metromode
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Asterand, TechTown's main tenant, continues to grow now that it has acquired a drug-development company.
The Detroit-based firm bought
San Francisco-based
BioSeek, a pioneer in the application of predictive human biology to drug discovery through its human primary cell-based disease model. The deal is worth $14 million
.
Asterand
is considered a leader in human tissue research and development. This acquisition is part of its larger strategy to consolidate its position in the global human tissue and human tissue-based services market, both organically and through acquisitions. This is Asterand's first acquisition and is expected to complement the TechTown firm's products and services.
BioSeek
was founded in 2000 and employs 14 people. Asterand plans to maintain the South San Francisco office and staff there.
Source: Asterand
Writer: Jon Zemke
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Related Company
Asterand, PLC
440 Burroughs - Tech One Suite 501
Detroit, MI 48202-3420
Website
Asterand is the leading supplier for high quality human tissue-based services supporting drug discovery research.
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