BioInformatics Buys IMV, Creates New Group

In the US, life science industry market research and advisory firm BioInformatics has paid an undisclosed sum to acquire IMV Publishing, which offers a broad range of MR product and reports, as well as media properties. A new umbrella company called the Science and Medicine Group will combine IMV with existing specialist units.

Founded in 1977, and with offices in Chicago, Tucson and San Francisco, IMV produces reports based on large sample sizes and offering in-depth analysis by specialist type, types of treatments provided, equipment used, and practice type. The firm's media properties include Aunt Minnie, which provides online medical imaging news, and DrBicuspid, a member-driven portal for dentists.

Following the acquisition, IMV's assets will be combined with BioInformatics' existing capabilities including BioInfo Market Research, The Science Advisory Board (a market research panel of life scientists and laboratory professionals), Strategic Directions International (SDI), and Instrument Business Outlook, a bi-weekly subscription publication for senior execs in the analytical instrument market. All companies and assets will be managed and integrated under the newly created Science and Medicine Group, which will be headquartered in Arlington, VA and have services in business intelligence / market research, digital media and marketing, publishing and job boards for scientists, lab managers, dentists and radiologists.

Craig Overpeck (pictured), CEO of the new Science and Medicine Group, comments: 'Over the next five to ten years we will see a world where instruments and diagnostics - including analytical, imaging, and clinical - will converge to lead a precision medicine revolution. We are putting a stake at the intersection of science, medicine, and technology to help guide companies with transformative information and media products and services for converging markets that will make a difference in the lives of billions of people for the next century'.

Web sites: www.scienceandmedicinegroup.com and www.imvinfo.com .