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March 23rd, 2007
In the field of nanotechnology, few materials have generated as much excitement as carbon nanotubes. Their high strength-to-weight ratio, small size, and excellent conductivity hold the potential to open up a host of business applications in flat-panel displays, conductive polymers, high-strength materials, solar-energy converters, and electronics.
For years, one of the better-recognized leaders in this field has been Carbon Nanotechnologies, a privately held company based in Houston. Yesterday, the company's status changed, when Unidym, a subsidiary of Arrowhead Research (Nasdaq: ARWR), announced that it has purchased Carbon Nanotechnologies for $5.4 million. As a result of the deal, Arrowhead's stock surged 15%.
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