PE Firm Great Point Deals Bioscience Co. To Corning

Law360, New York (December 2, 2011, 4:19 PM EST) -- Private equity firm Great Point Partners LLC has sold Virginia-based Mediatech Inc., whose products help cells grow in labs, to Corning Inc.'s growing life sciences division, the companies announced Friday.

Terms of the transaction were not disclosed. Corning, a New York-based public company, has not yet filed documents with regulators and a company spokesman declined to comment Friday.

Mediatech's patented Cellgro product line helps researchers safely grow bacteria and other tissues, and will expand Corning's life sciences division, the smallest of Corning's five areas of operation....
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