Abstract
The technology conglomerate Danaher has agreed to purchase Integrated DNA Technologies, a maker of custom DNA and RNA oligonucleotides for academic and pharmaceutical genomics research. The acquisition is the second in recent weeks by a scientific tool maker interested in consumables for next-generation gene sequencing. Earlier this month, Agilent Technologies bought capillary electrophoresis expert Advanced Analytical Technologies, a spin-off from Iowa State University. Both Advanced Analytical and IDT have alliances with next-gen sequencing leader Illumina. In a note to clients, analyst Ross Muken of the research firm Evercore ISI said Danaher paid about $1.9 billion for IDT, which he estimates has annual sales of about $300 million and earnings of $100 million. Neither Danaher nor IDT would confirm those numbers. IDT employs 1,200 people and is based in Coralville, Iowa. Its oligonucleotides are also used in genome editing and diagnostics for cancer and infectious diseases. Danaher had $18.3 billion in
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
