Detroit's Asterand acquires BioSeek

Thursday, December 3, 2009 | Source: metromode
Asterand, TechTown's main tenant, continues to grow now that it has acquired a drug-development company.

The Detroit-based firm bought San Francisco-based BioSeek, a pioneer in the application of predictive human biology to drug discovery through its human primary cell-based disease model. The deal is worth $14 million.

Asterand is considered a leader in human tissue research and development. This acquisition is part of its larger strategy to consolidate its position in the global human tissue and human tissue-based services market, both organically and through acquisitions. This is Asterand's first acquisition and is expected to complement the TechTown firm's products and services.

BioSeek was founded in 2000 and employs 14 people. Asterand plans to maintain the South San Francisco office and staff there.

Source: Asterand
Writer: Jon Zemke
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  • Asterand, PLC
    440 Burroughs - Tech One Suite 501
    Detroit, MI 48202-3420 Website
    Asterand is the leading supplier for high quality human tissue-based services supporting drug discovery research.
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