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NimbleGen to discontinue IPO after Roche's $272.5 million acquisition

Madison, Wis. - NimbleGen Systems, a manufacturer of gene chips for pharmaceutical research, will discontinue its work toward an initial public offering of stock following its acquisition by Roche, the Basel, Switzerland based pharmaceutical giant.

NimbleGen had sought to raise $75 million in the IPO, but und......

Full article >>> ich reported $13.5 million in revenue last year, was spun out of the University of Wisconsin-Madison and has reached this point with the help of venture funding from firms like Baird Venture Partners and Venture Investors. The company pursued an IPO in pa......

Full article >>> potential drug targets.

In addition, NimbleGen plans to expand its product portfolio to include higher-density arrays and integrated instrument systems for advanced genome analysis.

Roche milestone

In 2006, the Roche pharmaceuticals division reported sales of 33.3 billion Swiss francs, and the diagnostics division posted sales of 8.7 billion Swiss francs. The com......

Full article >>> xciting" development for the state's biotechnology industry, noting that state officials have been trying to attract a global pharmaceutical company.

Leonhart cited the state's courting of Abbott Labs, which has acquired 500 acres of land in the Kenosha County communities of Pleasant Prairie and Bristol, but has yet to officially announce whether i......

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Source:wistechnology.com By Joe Vanden Plas 06/19/07


Related biology technology :

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3. Madison biotech NimbleGen files for IPO; one of states best-funded firms
4. Genomics researcher Hood joins NimbleGen board
5. NimbleGen partners with UK biotech firm
6. NimbleGen extends research market reach
7. NimbleGen microarrays speed genetic findings
8. NimbleGen names CFO with capital-raising past
9. NimbleGen partners with leading researchers
10. NimbleGen closes $8.2m venture round, bringing total to $50m
11. NimbleGen Systems CGS technique helps identify stomach bacteria
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