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Sysmex Buys OGT To Add Cytogenics Capability

 
• By Reed Miller

Oxford Gene Technology announced May 31 that it will become a wholly owned subsidiary of Sysmex, the Japanese in vitro diagnostics company that will gain entry into the cytogenetics market with OGT's fluorescence in situ hybridization and array comparative genomic hybridization products.

Sysmex Corp. will enter the cytogenetics market and expand its next-generation sequencing development capacity by acquiring Oxford Gene Technology Ltd. for an undisclosed sum, the companies announced on May 31.

The terms of the deal are not disclosed, but Kobe, Japan-based Sysmex says it will convert UK-based OGT into a wholly owned subsidiary to expand its product portfolio and reinforce its technology base in the life sciences

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