Biotech, acquisitions, Genomics
Life Technologies Buys VisiGen for $20M
Luke Timmerman 12/22/08
Life Technologies, the Carlsbad, CA-based maker of lab supplies created by the merger of Invitrogen and Applied Biosystems, has acquired Houston-based VisiGen Biotechnologies for about $20 million. VisiGen, a spin-off from the University of Houston, is working on a new process to sequence individual genomes for as little as $1,000, according to its website.
Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.
