Life Technologies to Buy Biotech Firm

Nov. 10, 2009
Acquisition of BioTrove builds on collaboration dating to 2007.

Life sciences firm Life Technologies announced Tuesday it had signed a definitive agreement to acquire BioTrove. The transaction amount was not disclosed. BioTroves primary technology is the OpenArray platform, a high throughput gene expression and genotyping analysis system based on a flexible array format that enables researchers to perform more than 3,000 PCR genotyping or qPCR gene expression assays at a time. The acquisition furthers a collaboration Applied Biosystems (a Life Technologies subsidiary) entered into with BioTrove in 2007. Applied Biosystems at that time assumed responsibility for commercializing the OpenArray business for genotyping applications. The deal is subject to customary closing transactions and is not expected to materially impact Life Technologies financials in fiscal 2009.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!