Life Technologies Pays $50M Milestone for Ion Torrent; Remaining $300M Due in Q1 2012 | GenomeWeb

This story was originally published March 7.

Life Technologies paid Ion Torrent shareholders $50 million in cash and stock last November for a milestone related to the acquisition of the company, according to documents filed with the Securities and Exchange Commission last month.

In addition, Life Tech said it will pay another $300 million in January 2012 if Ion Torrent reaches a second milestone.

The milestones are time- and technology-based but the company did not say specifically what triggered the first payment.

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