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Abcam - Makes US$155m acquisition

May 2012

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.

  • Epic Code:
  • ABC
  • Price:
  • 360.5p
Abcam, an online retailer of research-grade antibodies, has announced the acquisition of Epitomics, an antibody business based in San Francisco for US$155m. This will be half in cash (funded by net cash of £56m, plus a new £20m bank facility) and half in new Abcam shares. Epitomics, whose main operations are in Hangzhou, China, is focused on the manufacture of rabbit monoclonal antibodies. These have been found to perform better than conventional mice antibodies, the big advantage being that they are more specific and will only bind to the desired epitope and nothing else. Epitomics has 3,200 products in its catalogue, which are sold to academic and pharmaceutical research applications while it also produces custom ass ...

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