Tepnel Completes Acquisition of Orchid's Diagnostics Unit
Under the terms of the agreement, Tepnel has acquired the product and services business of Orchid Diagnostics unit in the U.S., the U.K. and Belgium, including its LifeMatch(TM) system and consumable product line for HLA testing and its Elucigene(TM) product line for testing of certain genetic diseases, as well as certain liabilities of the diagnostics business.
Tepnel has taken control f the facilities formerly occupied by Orchid's diagnostic unit in Stamford, Connecticut and Brussels, Belgium, and has indicated its intention to retain all of the diagnostics unit's employees.
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