Sony Acquires Stem Cell Research Co. ICyt

Law360, New York (February 10, 2010, 4:26 PM EST) -- Electronics giant Sony Corp. has moved into the life sciences field through the acquisition of iCyt Mission Technology Inc., which produces stem cell research technology.

The companies did not specify the amount of the purchase, which was announced Tuesday, but noted that iCyt founder and CEO Gary Durack would continue to lead the company.

New York-based Sony subsidiary Sony Corp. of America will oversee iCyt, which is based at the University of Illinois at Urbana-Champaign.

The electronics manufacturer said it was exploring the use of its...
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