News: Life Technologies inks $725M deal for Ion Torrent

Arming itself for a looming showdown among Illumina through the rapdily expanding boom for second-generation gene sequencing technologies, Life Technologies struck a state of affairs to buy Ion Torrent for $375 million in cash and inventory provided $350 million more on the sequence rooted on a succession of milestones.

The sell gives Life Technologies a try at introducing a gene sequencing device subsequently now year overly are able to be purchased for a lower number of than $100,000, according to the San Diego Union-Tribune. A variety of organizations suffer continued angling for the speedily track in the race to cash in on new, quicker and far more low&wshyp;cost sequencing technologies.

"We are sure Ion Torrent's technology would work on the behalf of a profound tweak for the livlihood sciences industry," alleged Gregory Lucier, chairman and number one executive of Life Technologies. "This technology is able to usher in a new era in science, one in which DNA sequencing can be carried out easier, quicker and more rates effectively as opposed to consistently before."