DETROIT – Asterand Bioscience Inc., the Wayne State

University TechTown research company, Tuesday announced the acquisition of

AdeptBio LLC, a Memphis, Tenn.-based company that procures human tissue specimens.

Terms were not announced.

Said Peter Ferrigno, CCO of Asterand Bioscience: “Together,

we will strengthen our partnership with the pharmaceutical and diagnostic

community, providing unparalleled quality samples, highly regulated collection

and tailored specifications, for their research needs.”

Added Dr. Lee Schwartzberg, founder of AdeptBio, LLC: “The

development of new targeted therapies and companion diagnostics rely on

availability of tissues, and increasingly biofluids, linked to deep clinical

data. Joining AdeptBio’s network with Asterand Bioscience’s network will

strengthen their ability to partner and serve the pharmaceutical and diagnostic

community.”

http://techcentury.com/