Acquisition Cash and Carry | GenomeWeb

Acquisition Cash and Carry


Why bother with the goose if you’ve got the golden egg? That seems to be the philosophy governing Exelixis’s stock-for-stock acquisition of Genomica, valued at $110 million. The acquisition was no surprise to industry watchers after the bioinformatics software company laid off 100 of its 150-person staff last October — just three weeks after some people were hired.

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