Biotechnology Acquisitions in New Mexico

Precision Cell Systems (PCS) has acquired BennuBio, a New Mexico–based developer of the Velocyt imaging flow cytometer, to expand PCS's single-cell and 3D cell culture analysis capabilities. BennuBio founders and leadership will join PCS to integrate the Velocyt platform, and BennuBio lead investor Tramway Ventures has joined PCS's investor syndicate to support the company's consolidation strategy.

Genetic Technologies Limited (GENE/GTG) acquired the direct-to-consumer eCommerce business, brands and distribution rights of General Genetics Corporation trading as EasyDNA from BelHealth Investment Fund LP for US$4.0 million (cash, ADRs and escrow). The deal gives Genetic Technologies an established DTC genomics platform and distribution in ~40 countries (70+ websites) to accelerate its health & wellness and serious-disease test commercialisation and global expansion.