Detroit’s Asterand acquires BioSeek
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: AsterandWriter: Jon Zemke
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
Related Articles
Partner Partner Content How Downtown Farmington is Balancing 40 Years of Legacy with a New Era of Social Entrepreneurship
In downtown Farmington, the shift from late spring to summer heat brings more than just patio dining and farmers’ markets; it’s ushering in a change in how businesses and the community work hand in hand.
Metro Detroit Death Doulas Want You to Talk about Death
Death Doulas in Metro Detroit are working to change how people approach the end of life — with less fear and more understanding. It can be a tough sell in a culture that largely avoids talking about death, but with the right support and guidance, these non-medical advocates promise life’s final chapter can be rich and rewarding.
How Talent Together is helping solve the teacher shortage
In response to statewide teacher shortages, Michigan has invested in alternative routes to teacher certification. One program, Talent Together, helps Metro Detroiters realize their dreams of becoming teachers by providing a free education and a paid student-teaching experience.
