Biotech Values

[DewDiligence]

Cell Biosciences Completes Acquisition of APNO

[This deal was announced on 9/8/09; the $2/sh buyout price is a 70% premium to APNO’s closing price on the previous day. Cell Biosciences is a private company devoted to “nanoproteomics,” whatever that is.]

http://finance.yahoo.com/news/Cell-Biosciences-Completes-prnews-2086127321.html?x=0&.v=1

›4:30 pm EDT, Wednesday October 28, 2009

SANTA CLARA, Calif., Oct. 28 /PRNewswire/ -- Cell Biosciences, Inc. today announced that it has completed its acquisition of Alpha Innotech Corp. (OTC Bulletin Board: APNO). The stockholders of Alpha Innotech have approved the transaction, and all regulatory and other conditions have been satisfied. Pursuant to the merger agreement announced on September 8, 2009, former Alpha Innotech stockholders will receive $1.50 per share, or approximately $17.9 million in cash.

ABOUT CELL BIOSCIENCES

Cell Biosciences is a private life sciences company focused on nanoproteomics. The Company develops instrumentation systems, software, and assay products that reveal previously undetectable information about cellular control pathways. Its customers include leading institutions in the fields of cancer research, stem cell biology, and diabetes. Cell Biosciences' products enable researchers to uncover fundamental mechanisms controlling cell proliferation and cell death, to accelerate the development of new therapeutics, and to help identify new prognostic and diagnostic disease biomarkers. Cell Biosciences is located in Santa Clara, California. For more information, visit www.cellbiosciences.com.‹