Illumina acquires Helixis, beats Street

Illumina Inc. (NASDAQ:ILMN) disclosed in its 2Q10 earnings that it acquired genetic analysis services company Helixis Inc. (Carlsbad, Calif.) in April for $70 million in cash and up to $35 million in milestones. Illumina gained Helixis' Eco Real-Time PCR System for genetic analysis, which Illumina also launched on Tuesday. Helixis CEO Alex Dickinson became SVP of PCR solutions at Illumina. ...