Integrated DNA Technologies, Inc. Acquires GenBase, Inc. And Unveils Plan For New San Diego Oligonucleotide Production Center
Acquisition Brings IDT's DNA Production Quality and Overnight Order Fulfillment Service to Researchers on the West Coast
Coralville, IA - Integrated DNA Technologies (IDT) today announces the completion of its acquisition of San Diego, CA based custom oligonucleotide supplier GenBase, Inc. The acquisition, which will result in the establishment of a new IDT West Coast Operations division, gives the company an immediate, locally based, next-day oligo production capability in the heart of the California biotech industry, as well as access to GenBase's local knowledge and industry experience.
The acquisition of GenBase and the establishment of IDT West Coast Operations represent the beginning of a new phase of growth for Integrated DNA Technologies, Inc. as the company moves to raise the bar for service and speed while maintaining industry-leading product quality.
"Researchers everywhere are under increasing pressure to produce results quickly, and they know that IDT represents the best in oligo synthesis, quality assurance, and customer support," noted Trey Martin , chief operating officer of Integrated DNA Technologies, Inc. "Now, with our new West Coast Operations division, we're bringing that quality standard and QC to the next-day service sector at the heart of California's important oligo market."
"GenBase's success in serving organizations for the last eight years played a central role in the development of this deal," said Jun Wang, founder and CEO of GenBase, Inc. "We share IDT's commitment to the customer, and to the Life Sciences industry, and look forward to adding our expertise, experience, and ideas to Integrated DNA Technologies."
Heading IDT's West Coast Operations will be recently appointed general manager Dan Dernbach, an eight year veteran at IDT. GenBase's Jun Wang will remain with IDT as vice-president of international sales, with a focus on the Pacific Rim.
Already the largest supplier of custom nucleic acids in the U.S. , IDT also leads the way in delivering swift order fulfillment supported by extensive technical and customer service. In large measure, IDT's reputation and on-going success are a result of this keen customer focus, and its industry leading quality control and assurance mechanisms.
IDT West Coast Operations' new San Diego production facility will use Integrated DNA Technologies' own in-house nucleic acid synthesis technologies and processes to serve customers and will begin oligonucleotide production in late December 2005.
From its headquarters in Coralville, Iowa and its satellite offices in Illinois, Toronto, and Israel – and soon through its production facility in San Diego, CA – IDT serves the areas of academic research, biotechnology, and pharmaceutical development by manufacturing custom nucleic acids for use in life sciences research.
SOURCE: Integrated DNA Technologies (IDT)