Two products better than one
DNA sequencing company Pyrosequencing AB and chemistry company Personal Chemistry AB believe they can save $9 million a year in expenses by combining, and perhaps reach break even next year. But with two unrelated product lines that are sold into two different markets, the leverage for creating a diversified global supply company is less clear.
The deal is the first done by Jeff Bork, who recently became chairman of Pyrosequencing (SSE:PYRO A, Uppsala, Sweden).
"I stepped in as chairman of Pyro in April and showed the board a plan for potential acquisitions," he said. "At