Oxitec

In Exit, News

On August 10, 2015 Oxitec, a pioneer in biological insect control solutions, was acquired by Intrexon (NYSE: XON). Oxitec’s safe, innovative, self-limiting approach to control mosquitoes that spread disease and to limit pest-related crop damage is well aligned with Intrexon’s growth and investment strategies.

This transaction will realize net returns of 2.0x and a 50%+ IRR over a 17 month period once an escrow is released.

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