BGI Will Acquire Complete Genomics | Chemical & Engineering News
Volume 90 Issue 39 | p. 18 | Concentrates
Issue Date: September 24, 2012

BGI Will Acquire Complete Genomics

Department: Business
Keywords: genomics, gene sequencing, China

China’s BGI-Shenzhen will acquire California-based Complete Genomics in a transaction that the companies value at $118 million. BGI, once known as Beijing Genomics Institute, operates a nonprofit research institute and a commercial gene-sequencing business. Complete Genomics, which said in June that it might put itself up for sale, provides whole human genome sequencing. BGI CEO Wang Jun says the two companies have complementary expertise and R&D capabilities.

 
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