US-based Ocimum Biosolutions Inc, a provider of wide spectrum of bio-IT and genomic services with its Indian headquarters in Hyderabad, has announced the acquisition of Gene Logic's genomic business for $10 million in cash. | |
| Green Logic is also a US-based company, which offers drug development solutions to the pharmaceutical industry. |
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| The purchase includes Green Logic's knowledge products business, which is anchored by the world's largest databases of human biology, according to a company press release. |
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| As part of the transaction, Ocimum has also acquired Gene Logic's comprehensive genomic and genetic services business, which provides customers with access to a biorepository of over 80,000 samples. |
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