Hot Stocks Alert: Stock To Watch June 23 MGRM

June 23, 2009 - PRLog -- Royal Palm Beach, FLA --MobiWire’s “Stock Alert Watch”: Monogram Biosciences, Inc.  - Source Wall Street News Alert

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Monogram Biosciences, Inc. NEWS – June 23, 2009

Hot Stock Alert: LabCorp Enters Definitive Agreement to Acquire Monogram Biosciences, Inc.

BURLINGTON, N.C., SOUTH SAN FRANCISCO, Calif., --LabCorp to Strengthen Leadership in Infectious Disease and Oncology and Advance Personalized Medicine Strategy.  Laboratory Corporation of America(R) Holdings (LabCorp(R))  and Monogram Biosciences, Inc.  today announced that they have entered into a definitive agreement and plan of merger under which LabCorp will acquire all of the outstanding shares of Monogram in a cash tender offer for $4.55 per share for an implied total equity value of approximately $106.7 million, or a total enterprise value of approximately $155 million at March 31, 2009, including net indebtedness.

About Monogram Biosciences, Inc.

Monogram Biosciences, Inc.  is advancing individualized medicine by discovering, developing and marketing innovative products to guide and improve treatment of serious infectious diseases and cancer. Monogram Biosciences, Inc.'s products are designed to help doctors optimize treatment regimens for their patients that lead to better outcomes and reduced costs. Monogram Biosciences, Inc.'s technology is also being used by numerous biopharmaceutical companies to develop new and improved anti-viral therapeutics and vaccines as well as targeted cancer therapeutics. More information about Monogram Biosciences, Inc. and its technology can be found on its web site at www.monogrambio.com.


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