Skip to main content
Premium Trial:

Request an Annual Quote

With $1B in the Bank, Invitrogen Hungry for Proteomics, Informatics Acquisitions

SAN FRANCISCO, Jan. 10 - Invitrogen, sitting on $1 billion in cash, is poised to acquire proteomics and informatics companies when it finds the right matches, CEO Lyle Turner said.


Though he would not offer any specific companies, Turner did say the focus was on private "mom and pop" companies.


Turner, speaking at the 20th annual JPMorgan H&Q Healthcare Conference, which ends today, said Invitrogen was evaluating companies for acquisition and licensing deals, though he did not set a specific dollar target for total potential deals in 2002.


The company is interested in proteomics companies with "interesting technology to help scientists label and detect [proteins] more easily," said Turner.


It is also seeking companies with "integrating information technology," he said. Such companies include those with well-annotated genetic information, access to many different databases, and companies with software for performing homology searches.

The Scan

Driving Malaria-Carrying Mosquitoes Down

Researchers from the UK and Italy have tested a gene drive for mosquitoes to limit the spread of malaria, NPR reports.

Office Space to Lab Space

The New York Times writes that some empty office spaces are transforming into lab spaces.

Prion Pause to Investigate

Science reports that a moratorium on prion research has been imposed at French public research institutions.

Genome Research Papers on Gut Microbe Antibiotic Response, Single-Cell RNA-Seq Clues to Metabolism, More

In Genome Research this week: gut microbial response to antibiotic treatment, approach to gauge metabolic features from single-cell RNA sequencing, and more.