Tag Archives: Genzyme Genetics

LabCorp to Expand Drug Research Reach with $6.1B Deal for Covance

LabCorp (NYSE: LH), already one of the largest laboratory testing and diagnostics companies in the nation, plans to further expand its reach into clinical trials by buying contract research organization Covance (NYSE: CVD) in a deal valued at approximately $6.1 billion. The Burlington, NC, company will pay $105.12 per share in cash and stock to […]

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On-Q-ity Strikes Deal With LabCorp To Help Researchers Spot Rare Tumor Cells

On-Q-ity is betting that it can help improve cancer research and treatment by spotting the rarest of tumor cells circulating in the blood. Now the startup’s technology has found an important new benefactor in Laboratory Corporation of America (NYSE: LH). Waltham, MA-based On-Q-ity is announcing today it has formed a strategic alliance with LabCorp in […]

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Genzyme Sheds Testing Unit, Red Bend Acquires VirtualLogix, Acceleron Forges Alliance with Shire, & More Boston-Area Deals News

New England’s life sciences companies inked the majority of this week’s deals, but several software firms had interesting business to report as well. —Boston-based startup Rhythm Pharmaceuticals completed its Series A financing round with a total of $40 million. Third Rock Ventures participated in the closing, joining MPM Capital and New Enterprise Associates, who led […]

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Genzyme Agrees to Sell Genetics Unit to LabCorp for $925M

Cambridge, MA-based biotech powerhouse Genzyme (NASDAQ: GENZ) has struck a deal to sell its laboratory testing unit to Laboratory Corporation of America for $925 million in cash, the company reported this morning. The move is part of a plan to win over shareholders and comes after the French drug maker Sanofi-Aventis made an unsolicited offer […]

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NanoString Hires Genzyme Vet as CEO to Lead Foray Into Molecular Diagnostics

Seattle-based NanoString Technologies hasn’t had a permanent CEO for more than a year, and now the search has ended in Boston. The company, which makes instruments to help scientists perform sophisticated genetic analyses, has named Brad Gray, the former vice president of product and business development for Cambridge, MA-based Genzyme Genetics, as its new president […]

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WEST Honors Women Leaders in Tech and Life Sciences to Encourage Others in the Fields

Here’s the latest in a string of events this month celebrating entrepreneurship (June is Innovation Month in New England). On Wednesday, Women Entrepreneurs in Science and Technology (WEST for short), a non-profit focused on connecting and assisting women in roles at tech and life sciences companies, held its third Leadership Awards celebration. It spotlighted women […]

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On-Q-ity Raises $21M in A Round for Personalized Cancer Testing

Waltham, MA-based diagnostics firm On-Q-ity has found $21 million in a Series A round of venture capital, according to a story this morning in peHUB. The developer of cancer tests was formed through the combination of CELLective Diagnostics and The DNA Repair Company, both portfolio companies of Mohr Davidow Ventures that had been unable to […]

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