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Business

GE Healthcare will buy Biacore

June 26, 2006 | A version of this story appeared in Volume 84, Issue 26

GE Healthcare is acquiring Switzerland's Biacore International for about $390 million. Pfizer, which has a 41% shareholding in Biacore, has agreed to the transaction, saying the sale is in keeping with a focus on its core pharmaceutical business. Biacore supplies protein-interaction analysis systems for biomarker and drug discovery. GE Healthcare CEO Joseph M. Hogan says Biacore is complementary with GE's existing protein sciences business.

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