Seahorse Buys BioProcessors, Raises $6M

3/10/09Follow @wroush

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 a contributing editor at Xconomy. Follow @wroush

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