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BUSINESS
March 16, 1993 | JACK SEARLES
Tago Inc., a Burlingame firm that is about to merge with Camarillo-based BioSource Industries Inc., has raised $270,000 as a result of the exercise of 200,000 shares of its Class C warrants. The warrants were exercised at $1.35 a share. The proceeds will be used for working capital, Tago said. Both Tago and BioSource produce products used in medical research and diagnosis.
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BUSINESS
March 16, 1993 | JACK SEARLES
Tago Inc., a Burlingame firm that is about to merge with Camarillo-based BioSource Industries Inc., has raised $270,000 as a result of the exercise of 200,000 shares of its Class C warrants. The warrants were exercised at $1.35 a share. The proceeds will be used for working capital, Tago said. Both Tago and BioSource produce products used in medical research and diagnosis.
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BUSINESS
July 14, 1992 | JACK SEARLES
BioSource Industries Inc., a Camarillo supplier of antibodies and other products to the medical and scientific research market, has signed a letter of intent to acquire a San Francisco firm, Tago Inc. The deal, for stock valued at $4 million, will more than double BioSource's products and will give the company a NASDAQ trading symbol. Upon completion of the merger, BioSource will change its name to BioSource International Inc.
BUSINESS
July 14, 1992 | JACK SEARLES
BioSource Industries Inc., a Camarillo supplier of antibodies and other products to the medical and scientific research market, has signed a letter of intent to acquire a San Francisco firm, Tago Inc. The deal, for stock valued at $4 million, will more than double BioSource's products and will give the company a NASDAQ trading symbol. Upon completion of the merger, BioSource will change its name to BioSource International Inc.
BUSINESS
September 8, 1992 | JACK SEARLES
BioSource Industries Inc. of Camarillo has obtained worldwide marketing rights to a test kit for the measurement of Serum Amyloid A, a reagent used in diagnosing such diseases as rheumatoid arthritis as well as secondary infections associated with cystic fibrosis and AIDS. The kit gives BioSource "an excellent opportunity to market a unique test for what we believe could become a substantial market," said James Chamberlain, BioSource's chief executive officer.
BUSINESS
November 9, 1993
BioSource International Inc., a Camarillo supplier of immunological reagents and test kits used in biomedical research, reported a $218,702 profit for its third quarter ended Sept. 30. A year earlier, BioSource lost $4,849. Its revenue in the latest quarter was $1.45 million, up 46% from $992,534 in the comparable 1992 quarter. For the nine months, BioSource earned $419,021, in contrast with a profit of $3,041 a year before. Its revenue rose 34%, to $4.06 million from $3.03 million.
BUSINESS
May 4, 1993 | JACK SEARLES
Camarillo-based BioSource Industries Inc. says the final regulatory hurdle has been removed to its proposed merger with Burlingame-based Tago Inc. James H. Chamberlain, BioSource's president and chief executive, said the Securities and Exchange Commission approved the registration of securities to be issued to shareholders of the merged company, which will be called BioSource International Inc.
BUSINESS
February 2, 1993 | JACK SEARLES
BioSource International Inc., a Camarillo firm that develops and markets products used in medical research and diagnosis, has signed a joint development deal with a company headed by an immunologist at the University of Nebraska Medical Center in Omaha. It was the second cooperative arrangement between the two companies in the past five months. The new agreement calls for Immunoplex Inc.
BUSINESS
June 21, 1994 | Jack Searles
Two companies have announced plans to establish large plants in Ventura County in the fall and to begin recruiting employees immediately to fill mostly high-paying professional jobs. In one of the moves, Xircom Inc., a fast-growing Calabasas company that claims to be the world leader in producing devices for connecting portable computers with corporate computer networks, has decided to move its 220 Southern California employees to a two-building complex in Newbury Park.
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