AROUND THE REGION
Calif. firm agrees to acquire BioTrove
BioTrove Inc., a Woburn maker of biological research tools that last December canceled plans for an initial public offering, has agreed to be acquired by a California company for an undisclosed sum.
Life Technologies Corp., a publicly traded life-sciences company based in Carlsbad, Calif., yesterday said it signed a definitive agreement to buy BioTrove, which makes an genotyping analysis system used by genetics researchers.
BioTrove, a venture-backed start-up, was one of the first companies funded by Excel Venture Management, a two-year-old Boston partnership focusing on health care, life sciences, and medical technology.
The venture capital firm has raised $125 million for its first investment vehicle, called Excel Medical fund.
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