Updates

Abcam - Acquires US-based firm

July 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Abcam has announced its first major acquisition with the purchase of Oregan-based Mitosciences for US$6m (US$4.2m cash with the balance in shares). Mitosciences is a leading life science tools company and specialises in mitochondrial research tools. Its core strength lies in mitochondrial antibody and assay development and is increasingly used to study the metabolism and its effects on diseases such as cancer, diabetes, obesity and neurodegeneration. Its products generated US$2.1m revenues last year and Abcam expects to sell them through its online platform. Management expects to keep Mitosciencesâ€™ 24 staff and its office in order to leverage its product development expertise and analysts expect it to accelerate product launches ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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