September 8, 2009

Cell Biosciences Buys San Leandro Company for $17.9 Million

In a press release issued September 8, 2009, Cell Biosciences announced that it had agreed to buy San Leandro-based Alpha Innotech for $17.9 million or $1.50 per share.

According to its web site, "Alpha Innotech is a leading developer, manufacturer and marketer of digital imaging and analysis systems for the life science research and drug discovery markets."

Alpha Innotech reported $4.2 million of revenue in the second quarter of 2009 with a net loss of $15,785 compared to a net profit of $23,199 in the second quarter of 2008.

Alpha Innotech is located at 2401 Merced Street in San Leandro.

Posted by Mike Katz-Lacabe at September 8, 2009 7:01 AM | TrackBack
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