EMC Acquisitions Could Include Isilon, LFB Buys GTC, Tremor Media Snaps Up ScanScout, & More Boston-Area Deals News | Xconomy
Summary
We saw news of acquisitions, financings, and stock purchases, and also covered some more in-depth strategy at a big area tech name. While under the U.S. Genomics name, the firm raised $4.5 million in private equity funding from Becton, Dickinson, & Co. to develop infectious disease diagnostics technology. The deal brings the funding pot to more than $5.5 million for Daktari, a biotech that is pursuing a system for testing HIV patients’ blood in locations lacking sophisticated lab technology. —GTC Biotherapeutics, a Framingham, MA-based company that was the first to get FDA approval for a drug produced by genetically modified animals, was bought by LFB Biotechnologies for 30 cents per share, a total of $18.3 million. The firm, which last year bought Santa Clara, CA-based Data Domain for $2 billion and is rumored to be eyeing Seattle-based Isilon Systems (NASDAQ: ISLN), plans to … Next Page »
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