Eugene firm acquires Portland supplier.Byline: Sherri Buri McDonald The Register-Guard Molecular Probes Molecular Probes is a biotechnology company located in Eugene, Oregon specializing in fluorescence. The company was founded in 1975 by Richard and Rosaria Haugland in their kitchen in Minnesota, then moved briefly to Texas and finally to Oregon in the early 1980s. Inc., the world's leading supplier of fluorescent dyes for biomedical research Biomedical research (or experimental medicine), in general simply known as medical research, is the basic research or applied research conducted to aid the body of knowledge in the field of medicine. , announced Wednesday it has bought a Portland-based maker of a raw material used in scientific research. Terms were not disclosed. Molecular Probes has acquired Interfacial Dynamics Corp., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with about seven employees. Molecular Probes has 240 employees at its Eugene headquarters. This acquisition, and licensing agreements such as the one Molecular Probes announced last month with a New Jersey-based biosciences company, are part of a strategy by Molecular Probes to spread its technology in the biotech and diagnostic industries, said chief commercial officer Jack Ball. IDC makes microscopic latex latex, emulsion of a polymer (e.g., rubber) in water (see colloid). Natural latexes are produced by a number of plants, are usually white in color, and often contain, in addition to rubber, various gums, oils, and waxes. beads, or microspheres, a diagnostic item used in clinical and veterinary medicine veterinary medicine, diagnosis and treatment of diseases of animals. An early interest in animal diseases is found in ancient Greek writings on medicine. Veterinary medicine began to achieve the stature of a science with the organization of the first school in the , agriculture and immunology. Molecular Probes previously bought microspheres from several manufacturers, Ball said. The acquisition of IDC allows Molecular Probes to design and make latex microspheres for its own products and to offer a full line of microspheres to customers, he said. The microsphere Not to be confused with Glass microphere. This article largely refers to micropheres or protein protocells as small spherical units postulated by some scientists as a key stage in the origin of life. line is a small but growing slice of Molecular Probes' business, Ball said. Molecular Probes, a private company founded in 1975 by Richard and Rosaria Haugland, reported sales of $43.9 million in 2001. IDC, founded in 1985, will be a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Molecular Probes. Molecular Probes' marketing department in Eugene will handle marketing for IDC, which has no dedicated marketing staff. Molecular Probes may move IDC to Eugene in 18 months when IDC's lease on its Portland space expires. IDC leases 7,200 square feet of labs, clean rooms and offices. If Molecular Probes decides to move IDC to Eugene, the subsidiary would likely locate in Westec Business Park, Ball said. Last year, a company headed by Rosaria Haugland bought four industrial buildings at the park. The buildings sit next to Molecular Probes. |
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