The management of monoclonal antibody company Cambridge Antibody Technology Group PLC (CAT) and proteomics firm Oxford GlycoSciences PLC (OGS) are positioning their merger, announced January 23, as a kind of inevitable marriage of two compatible partners. After all, the biotech firms have been working together since 2000 to develop a protein chip useful for screening human monoclonal antibody libraries that CAT generates against OGS proteomics targets [See Deal].
And in retrospect, it would appear that the two partners were preparing themselves for such a merger. Last year, struggling...