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Tepnel Life Sciences acquires Wildlife DNA Services and Food DNA Services to facilitate its expansion into clinical genotyping
Tepnel Life Sciences (AIM: TED), the international Molecular Diagnostics and Research Products and Services group, today announced the acquisition of laboratory service providers Wildlife DNA Services and Food DNA Services. Food DNA Services provides high quality genetic information for identifying food composition and origins, and will be integrated into Tepnel’s existing food safety
business.
Wildlife DNA Services is an established provider of genotyping services, specifically in the area of wildlife crime investigation and wildlife conservation. The acquisition will accelerate Tepnel’s entry into the clinical genotyping market, broadening its service offering to the pharmaceutical industry.
Tepnel’s pharmaceutical services division is relocating to a new state-of-the-art facility in Livingston, Scotland. The facility will accommodate Tepnel’s protein analysis and genomic testing laboratories as well as the Company’s analytical chemistry, bioanalysis and microbiology facilities. It will also be used to develop epigenetic and next generation genotyping capabilities. Wildlife DNA Services will be integrated into this high throughput genotyping service and supply the hands-on expertise necessary to facilitate Tepnel’s entry into the clinical genotyping market place.
Clinical genotyping is a growing area of genetic analysis with the potential to lead to personalised medicine in the future. Clinical genotyping works by linking a patient’s genetic makeup to their response to particular drugs, enabling specialists to establish which treatment will benefit an individual.
Tepnel’s Chief Executive Officer, Ben Matzilevich, said: “We are very pleased to announce our acquisition of these two profitable companies. These are niche businesses and we anticipate significant benefits from having acquired highly trained staff, proven capabilities and scientific expertise and instrumentation that will accelerate Tepnel’s entry into the clinical genotyping arena. The acquisition of Food DNA Services will further strengthen our food safety operations in Wales.”
Financial details of the transaction were not disclosed but include up-front payment combined with revenue-based earn-out over three years.
-Ends-
For further information:
Tepnel Life Sciences plc
Ben Matzilevich, CEO
Carol Smith
Tel: 0161 946 2200
Capital MS&L
Mary Clark or Catie Corcoran
Tel: +44 20 7307 5330
Seymour Pierce Limited
Mark Percy
Tel: +44 20 7107 8000
Notes to Editors:
About Tepnel Life Sciences plc
Tepnel Life Sciences (AIM:TED) is a UK-based international life sciences products and services
group with two divisions, Molecular Diagnostics and Research Products & Services. The Company has laboratories, manufacturing and operations in the USA, UK and France with 195 employees.
Tepnel provides test kits, reagents and services to two highly synergistic markets, these being
Molecular Diagnostics and Biomedical Research.
The company’s strategy has been to identify high growth niche opportunities within these multibillion
pound markets. Tepnel focuses on these opportunities with internally developed products, patents, expertise and know-how as well as strategic acquisitions, to develop a leadership position within these defined market segments.
About Wildlife DNA
Based in North Wales, UK, Wildlife DNA Services (WDNAS) is an independent organisation dedicated to providing genetic information for wildlife conservation and wildlife crime investigation.
Established in 2003, the company offers theoretical and practical expertise for projects worldwide. WDNAS follows international forensic protocols and its services include species
identification, parentage analysis and geographic origin identification.
WDNAS provides expert witness testimony and its forensic results are admissible as evidence in
court.
About Food DNA Services
Food DNA Services was created in 2005 to meet the needs of commercial and governmental bodies at all levels of the food supply chain by providing high quality genetic information for identifying food composition and origins.
Based at the University of Wales, Food DNA Services is a laboratory and consultancy service for the genetic analysis of foodstuffs. Its aim is to maximise the efficiency of food production, increase food quality and enable regulation of food supplied to the consumer by providing tailormade research to the food industry and public analysts.
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