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WaferGen Bio-systems Acquires a Leading Next-Generation Sequencing (NGS) Library Preparation Business and Announces Changes to its Board of Directors
Date:1/7/2014

rsity research labs, pharmaceutical and agricultural companies, to diagnostic CLIA labs.  It has generated uniformly positive customer feedback for its superior reliability, turnaround and hands-on time, as well as sample quantity input requirement.  We intend to build upon its success with innovative new applications for this system, as well as with integrated products that include the SmartChip TETM platform." 

Concurrent with the acquisition of the IntegenX assets, and following the Company's September 2013 fundraise, WaferGen is making additional changes to its Board of Directors, reducing its size from 9 to 7 and adding significant directly-relevant domain knowledge and management experience.  Effective upon the closing of the transaction, Robert Schueren, CEO of IntegenX, joined WaferGen's Board of Directors.  Mr. Schueren commented, "I am very pleased with the sale of our NGS library prep business to WaferGen, as the product will find a great home for future growth.  IntegenX will continue to focus on its RapidHITTM human DNA identification business, which serves a very different customer base from the Apollo 324TM product line.  I am confident that Apollo's full potential will be achieved under WaferGen's leadership, as the Company's focus is squarely on the rapidly expanding NGS market.  I am excited about joining WaferGen's Board and I am looking forward to contributing to the Company's future success."  Robert Schueren has held leadership positions in life science and diagnostic companies for more than two decades. Since April 2013, Mr. Schueren has been the Chief Executive Officer of IntegenX and a member of its Board of Directors. Previously he was Vice President and General Manager, Genomics for Agilent Technologies, where he oversaw a several hundred million dollar product portfolio, including the creatio
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SOURCE WaferGen Bio-systems, Inc.
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