Panomics Acquired By Affymetrix

Fremont-based Panomics, a developer of genetic assay products, has been acquired by Santa Clara-based Affymetrix, Affymetrix said Tuesday. Affymetrix said it will pay approximately $73M in cash for Panomics. Panomics develops scientific instruments used in genetic, protein, and cellular analysis testing. Affymetrix said it expects to close the acquisition by the end of the year.