BioCentury
ARTICLE | Strategy

Cengent: Adding at the ends

Back-to-School Issue: The M&A game

September 1, 2003 7:00 AM UTC

Lesson: While private companies can use M&A to construct more complete business systems, it’s also never too early to begin rationalizing the balance sheet.

It took Structural Bioinformatics Inc. and GeneFormatics Inc. three tries to merge. The CEOs of both companies saw the logic as far back as GeneFormatics’ first funding round, but it took a while to convince the investors...