OCIMUM BUYS GERMAN CO'S GENOMIC DIAGNOSTICS DIVISION - TO MERGE US, INDIA OPERATIONS

Ocimum Biosolutions, a life sciences company, has acquired the Genomic Diagnostics division of the German MWG Biotech AG. It also plans to merge its India and US operations. The company has bought the MWG Biotech's division, which specialises in DNA Microarrrays (biochip), for a consideration of euro 3.6 million, and is setting up an exclusive facility at Hyderabad to house the equipment, undertake research and offer services to clients.

The Hindu Business Line (http://www.thehindubusinessline.com/2005/07/14/stories/2005071402500200.htm)