Genetix Announces Further Expansion into Digital Pathology Market through Acquisition of SlidePath
News May 06, 2009
Genetix has acquired SlidePath, a private company based in Dublin, Ireland, for cash and shares worth up to €3.7 million (£3.3 million) of which €2.5 million (£2.2 million) was paid on closing and up to a further €1.2 million (£1.1 million) is payable based on the achievement of EBIT milestones during the years 2009 and 20101.
In line with Genetix’ strategy to accelerate and strengthen its presence in the growing digital pathology market;
Natural progression following on from the 2006 acquisition of Applied Imaging, strengthening Genetix’ tissue analysis product offerings for both the clinical and drug discovery markets;
• SlidePath’s competencies in cell imaging analysis software are aligned to Genetix’ core skills in imaging and image analysis, enabling Genetix to build a stronger platform to offer a broader mix of products for the digital pathology market;
• SlidePath’s expertise in web-enabled viewing, information management and computer-aided image analysis solutions will enhance Genetix’ product offerings through added functionality in its current markets of drug discovery and diagnostics; and
• Genetix’ sales and customer support infrastructure worldwide and deep customer relationships with diagnostics and pharmaceutical companies will open up new markets and customers for SlidePath products.
Arrow Poison Potential Male Birth ControlNews
Women have many options for oral contraceptives that are safe, effective and reversible, but despite decades of research, men have none. Now, scientists report a rat study that shows they finally have a good lead for a male birth control pill. It's based on ouabain, a plant extract that African warriors and hunters traditionally used as a heart-stopping poison on their arrows.READ MORE
The BuzzBuster: Could Gene Silencing Help Silence the Housefly?News
Gene silencing dsRNA technology can reduce housefly fertility, showing promise as a pest-control method.READ MORE