Life Sciences, bioassays, pharmaceuticals

Seahorse Buys BioProcessors, Raises $6M

Wade Roush 3/10/09

Seahorse Bioscience, a North Billerica, MA-based maker of instruments for studying mitochondrial function in cells from people with various health problems, announced yesterday that it has acquired BioProcessors Corp., a Woburn, MA, company that makes automated cell-culture equipment for pharmaceutical research. Seahorse didn’t say how much it paid for BioProcessors, but it did reveal that it has raised $6 million in new venture funding from a group including Commonwealth Capital, Oxford Bioscience, Flagship Ventures, Life Sciences Partners, FLIR Systems Inc, Healthcare Ventures, New Science Ventures and HLM Venture Partners.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.