Ingenex, PPD, Sarco Inc. deal

PPDI will acquire Sarco in a pooling of interests transaction involving 263,158 newly issued PPDI shares. PPDI, a contract research organization, also will acquire Ingenex's GSX system functional genomics technology, along with associated assets, for about $8.7 million in cash (see Noteworthy, BioCentury Part I). Sarco and GSX will be managed as a new wholly owned research subsidiary. ...