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Business
BGI Will Acquire Complete Genomics
by Michael McCoy
September 24, 2012
| A version of this story appeared in
Volume 90, Issue 39
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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