January 27, 2009 / 11:35 PM / 8 years ago

UPDATE 1-Genzyme buys some assets, 3 mln shrs of Exact Sciences

1 IN. DI LETTURA

Jan 27 (Reuters) - Exact Sciences (EXAS.O), which develops technologies that detect cancer, said Genzyme Corp GENZ.O bought certain assets related to prenatal and reproductive health and 3 million of its shares, in a deal that will see Exact receive $24.5 million in cash.

Genzyme purchased the shares at $2 per share for an aggregate purchase price of $6 million. The per-share offer price is 34 percent more than Exact's closing price of $1.49 Tuesday on Nasdaq.

In trading after the bell, shares of Exact were up 23 percent at $1.83.

Earlier this month, Sequenom Inc SQNM.O made an offer to Exact shareholders to buy the company for about $41 million, two days after its bid was rejected by Exact's board. (Reporting by Anand Basu in Bangalore; Editing by Pratish Narayanan)

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