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Business
Biotage acquires Vapourtec line
January 23, 2006
| A version of this story appeared in
Volume 84, Issue 4
The drug discovery technology firm Biotage has acquired rights to Vapourtec's solvent evaporation system, known as V-10. It will pay up to $4 million for a business that is expected to have sales next year of $5 million to $10 million. "Evaporation presents a major bottleneck in chemistry and drug development," says Biotage CEO Jeff Bork. "V-10 substantially reduces sample drying time for pharmaceutical chemists." Biotage acquired the chemical synthesis equipment firm Argonaut Technologies last year.
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