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NeoPath merged with AutoCyte to create TriPath Imaging
On Jun. 7 1999, NeoPath merged with AutoCyte to form TriPath Imaging based in Burlington, N.C. NeoPath was a university of Washington spin-off co-founded by Gordon Kuenster, that made the AutoPap automated screening system for cervical cancer, and AutoCyte developed a system that produced slides with a thin layer of cervical cells, an alternative approach to the standard Pap smear. Each NeoPath share was exchanged for 0.79 shares of AutoCyte, worth $6.12 at its closing price.
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Source: Becton, Dickinson and Company
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