Biotech Values

[DewDiligence]

XON acquires (private) Trans Ova Genetics for $90M in cash+stock (and $20M contingent payments):

http://finance.yahoo.com/news/intrexon-acquire-trans-ova-genetics-204600890.html

Intrexon Corporation…today announced it has entered into a definitive agreement to acquire Trans Ova Genetics, L.C., an industry-leading provider of bovine reproductive technologies.

…Over the past 5 years, Trans Ova has doubled its revenues and become the largest producer and supplier of bovine embryos in the United States. Intrexon and Trans Ova intend to build upon Trans Ova's current platform with new capabilities to allow for even higher levels of delivered value to dairy and beef cattle producers.

...According to…the United Nations, global demand for animal protein will double by 2040 driven by population growth and changing consumption patterns… and global consumption of beef and dairy products will increase 158% by 2050, based on population expansion above 9 billion people.

See a related discussion regarding Monsanto in #msg-103799578.

p.s. XON insiders have done some open-market buying in the past two months (#msg-102129137).