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Da An Gene and Life Technologies Form $5.5 Million JV

Jan. 15, 2012

January 16, 2012 - Da An Gene Co., a leading Chinese company in molecular in-vitro diagnostics, will form a joint venture with a China subsidiary of Life Technologies, a major San Diego-based company also involved in molecular diagnostics. The move is expected to contribute to the early diagnosis of cancer, infectious diseases and genetic diseases. The JV will develop capillary electrophoresis-based molecule diagnosis detection reagents and instruments. The JV will start with $5.5 million of capital. Da An Gene will contribute $2.4 million of the total for a 42.5% stake in the newly formed company.