Invitrogen’s Acquisition of U of Houston Startup VisiGen Pays Dividends for School
VisiGen Biotechnologies, a University of Houston gene-sequencing outfit acquired by Invitrogen in October for $20 million, represents the university’s biggest return on a spinout to date, and could eventually become one of its biggest overall tech-transfer wins, the school said last week.
As a result of VisiGen’s acquisition, UH, which held an undisclosed equity stake in the startup, will receive nearly $500,000 from the initial installment of the deal. Plans for follow-on installments were not disclosed. An indirect benefit comes from the fact that approximately half of VisiGen’s current employees are UH graduates, the school said.
Several of the scientists that founded the company will now continue to research second-generation sequencing techniques in their UH laboratories. Whether this research eventually sparks additional collaborations between VisiGen and the university is now up to Life Technologies, the biotech tool giant that resulted from Invitrogen’s multi-billion-dollar merger with Applied Biosystems last month.
Do you want to know more?
As a result of VisiGen’s acquisition, UH, which held an undisclosed equity stake in the startup, will receive nearly $500,000 from the initial installment of the deal. Plans for follow-on installments were not disclosed. An indirect benefit comes from the fact that approximately half of VisiGen’s current employees are UH graduates, the school said.
Several of the scientists that founded the company will now continue to research second-generation sequencing techniques in their UH laboratories. Whether this research eventually sparks additional collaborations between VisiGen and the university is now up to Life Technologies, the biotech tool giant that resulted from Invitrogen’s multi-billion-dollar merger with Applied Biosystems last month.
Do you want to know more?
Be part of XTractor community.
- XTractor the first of its kind - Literature alert service, provides manually curated & annotated sentences for the Keywords of your choice
- XTractor maps, extracted entities (genes, processes, drugs, diseases etc) to multiple ontologies
- Enables customized report generation. With XTractor the sentences are categorized into biologically significant relationships
- The categorized sentences could then be tagged and shared across multiple users
- Provides users with the ability to create his own database for a set of Key terms
- Users could change the Keywords of preference from time to time, with changing research needs
- XTractor thus proves to be a platform for getting real-time highly accurate data along with the ability to Share and collaborate
Sign up it's free, and takes less than a minute. Just click here:www.xtractor.in.
Comments