Incyte Acquire Genome Systems
- Incyte Pharmaceuticals has acquired Genome Systems, a USA-based genomics company. The acquisition enables Incyte to accelerate its gene sequence mapping program using Genome Systems' human DNA libraries and mapping capabilities. With 1995 sales of $2 million, Genome Systems will retain its name and become a wholly-owned subsidiary of Incyte, which is to issue 200,000 shares of common stock in the acquisition. Meanwhile, Incyte has announced a three-year mapping collaboration with Vysis.
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