Thermo Fisher Bullish on Ion Torrent Future as It Agrees to Buy Life Tech for $13.6B | GenomeWeb

After months of rumors and speculation, Thermo Fisher Scientific this week announced its plans to buy Life Technologies for $13.6 billion in a deal expected to be completed in early 2014.

Speaking on a conference call immediately after the agreement was announced, Thermo Fisher officials said they expect the next-generation sequencing business to be a primary growth driver for Life Tech and exceed the growth rate for the rest of the acquired company.

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