Archives for August 18, 2003

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$350m VC fund earmarked for life sciences

Abingworth Management, a UK venture capital group, has raised a $350 million investment vehicle in a move that lends further weight to suggestions that the funding crisis hitting the biotechnology sector may be nearing its end.

Lab automation for GeneChips

MWG Biotech's laboratory automation platform THEONYX can now handle DNA microarray sample preparation for Afffymetrix' GeneChip products.

Antisense firm Genta buys into siRNA

US antisense specialist Genta has agreed to acquire Salus Therapeutics, a specialist in small interfering RNA, for up to $30 million in cash and stock. The terms of the agreement call for Genta to issue $13 million in stock at closing.

Siemens unveils bonSAI imaging system

A fluorescence imaging technology developed by Siemens promises to improve the in vivo imaging of molecular processes in drug discovery and disease research