Applied Bioscience International Inc. (NASDAQ:APBI) haspurchased the commercial laboratory business ofEnvironmental Testing and Certification Corp. (ETC), asubsidiary of OHM Corp., for $13.3 million.
Among other related services, APBI of East Millstone, N.J.,conducts biological safety and clinical testing of potentialpharmaceutical, agricultural, chemical and food additiveproducts. With the pending merger of Pharmaco DynamicsResearch Inc. of Austin, Texas, into APBI, these activities willrepresent about 65 percent of APBI's business, said GroverWrenn, president and chief operating officer of APBI.
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