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Oct 2, 2007

PerkinElmer Offers $300M for ViaCell to Augment Neonatal Genetic Screening Business

  • PerkinElmer plans to take over ViaCell for approximately $300 million. The acquisition of its umbilical cord blood preservation product, ViaCord, will complement PerkinElmer’s neonatal genetic screening program.

    The agreement calls for PerkinElmer to pay $7.25 per ViaCell share, a premium of almost 52%. ViaCell’s stock price spiked, opening the day at $7.15, the highest it’s traded since 2005.

    PerkinElmer points out that ViaCell offers expertise in the collection, testing, processing, and preservation of umbilical cord blood stem cells. The firm says, however, that it expects to divest ViaCell's therapeutic businesses. ViaCord sales are expected to be in the mid-to-high $60 million range in 2007, according to PerkinElmer. 

    The transaction is expected to close in the fourth quarter of 2007. PerkinElmer anticipates that related to its non-GAAP adjusted earnings per share it will be slightly dilutive in 2008 and accretive in 2009.

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Scientifically Studying Ecstasy

MDMA (commonly known as the empathogen “ecstasy”) is classified as a Schedule 1 drug, which is reserved for compounds with no accepted medical use and a high abuse potential. Two researchers from Stanford, however, call for a rigorous scientific exploration of MDMA's effects to identify precisely how the drug works, the data from which could be used to develop therapeutic compounds.

Do you agree that ecstasy should be studied for its potential therapeutic benefits?

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