Easy, if you're Invitrogen: start with $500M and buy a drug discovery services company (BioReliance).
Guh!
Based on public info, IVGN bought BREL for about 6X sales, and sold them 3 years later for 1.9X sales.
This news makes it onto this blog 'cuz:
1) IVGN, thru the former Panvera is the second best provider of kinase specificity testing,
2) the GM of BioReliance is an Upstate alum. (Good luck, Ted.)
3) This allows me to yet again tweak my friends at IVGN, Sue and Chris. Sue, still using that snorkel I sent you to find your IVGN stock options?
Wednesday, February 14, 2007
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4 comments:
Hi Timmy,
So IVGN is approaching #1 quickly for kinase profiling services.
And Ted Maker has been gone a loong time... Tim Derrington is the new head.
Hope you're well!
IVGN: nice people, but business lags. Example: I submitted an online form in November for a new drug discovery catalog. Two months later, I received the 2004 catalog.....
Does anyone know where Ted Maker went? Or did he retire comfortably?
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