Illumina Joins $41M Bet on Oxford Nanopore

4/26/11Follow @xconomy

San Diego-based Illumina (NASDAQ: ILMN), the world’s biggest maker of high-speed gene sequencing machines, has made another equity investment in U.K-based Oxford Nanpore. Oxford said today it has raised $41 million (25 million pounds) from Lansdowne Partners, IP Group, Invesco Perpetual, Redmile Group, Illumina and other undisclosed investors. Illumina first invested in Oxford, and its new method for DNA sequencing, in January 2009, and made its second investment in February 2010.

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