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Business

Biotage Acquires MIP Technologies

by Ann M. Thayer
May 3, 2010 | A version of this story appeared in Volume 88, Issue 18

Biotage has acquired MIP Technologies, a privately held developer of molecularly imprinted polymers. Both firms are based in Sweden. Biotage will pay about $2.2 million up front and more based on sales milestones through the end of 2015. MIP’s specialty materials are used by food, environmental, and pharmaceutical labs for separations. As a supplier of technologies for medicinal and analytical chemistry, Biotage says the acquisition will expand its sample prep business and its sale of consumable products.

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