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Life Technologies to acquire Ion Torrent

August 18, 2010 12:10 AM UTC

Life Technologies Corp. (NASDAQ:LIFE) will acquire DNA sequencing company Ion Torrent Systems Inc. (Guilford, Conn.) for $375 million in cash and stock, plus potential milestone payments of $350 million in cash and stock. Life Technologies said Ion Torrent's PostLight sequencing technology will complement its CE and SOLiD sequencing systems. Ion Torrent's Personal Genome Machine (PGM) is available through an early access program and will be launched this year. ...