Qiagen Buys Genetic Data Processor In $105M Cash Deal

Law360, New York (April 29, 2013, 7:44 PM EDT) -- Dutch genetic testing company Qiagen NV announced Monday that it has acquired privately held Ingenuity Systems Inc. in a $105 million transaction designed to make further inroads into genetic sequencing technology.

The all-cash transaction gives Qiagen a suite of Web-based applications designed to quickly analyze and interpret the biological meaning of genomic data, which is used in scientific research and medical diagnosis settings, the company said.

"Today we can sequence an entire human genome in just a couple of days for less than a few thousand...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.