It's been a big month for the DNA sequencing industry, with IPO filings from Pacific Biosciences Inc. and Complete Genomics Inc., as well as Life Technologies Corp.'s $375 million acquisition of Ion Torrent Systems Inc.
The biotech industry was abuzz last week with the news that Christoph Westphal and Michelle Dipp – who sold resveratrol-based Sirtris Pharmaceuticals Inc. to GlaxoSmithKline plc for $720 million – were exposed for selling resveratrol online. (BioWorld Insight)
Medical device maker Medtronic Inc. staked a deeper claim in the regenerative biologics field by moving to acquire Osteotech Inc. for $6.50 per share, or $123 million. (BioWorld Today)
At the J.P. Morgan healthcare conference in January, everyone was predicting that 2010 would be a gangbusters year for biotech mergers and acquisitions.