Report: Genoptix, Inc. is on the Auction Block

Xconomy -- One of San Diego’s profitable biotech success stories, Genoptix, is reportedly looking to be acquired. Carlsbad, CA-based Genoptix (NASDAQ: GXDX) has hired an investment bank, Barclays, to seek out buyers of the company, according to a report today by Bloomberg News, which cited two people familiar with the situation. Takeover speculation helped drive the stock up about 17 percent, to $21 a share at 12:19 pm Eastern today.

Back to news