Life Technologies Buys VisiGen for $20M

Life Technologies, the Carlsbad, CA-based maker of lab supplies created by the merger of Invitrogen and Applied Biosystems, has acquired Houston-based VisiGen Biotechnologies for about $20 million. VisiGen, a spin-off from the University of Houston, is working on a new process to sequence individual genomes for as little as $1,000, according to its website.

Author: Luke Timmerman

Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.