Virtek Vision International Inc. of Waterloo, Ont., has sold its biotech instruments business to Bio-Rad Laboratories Inc. for more than $10-million. Virtek said Bio-Rad, based in Hercules, Calif., will obtain all capital assets, inventory, goodwill, intellectual property and trademarks pertaining to several tools used for DNA and protein research in the life sciences. Bio-Rad will acquire space in Virtek's operations facility in Waterloo, Ont., to establish a new microarray and automation business unit, the company said.
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