Genetic testing specialist Qiagen NV said it bought privately held U.S. software developer Ingenuity Systems Inc for $105 million to expand further into genetic sequencing technology.The deal, which the company expects will add to earnings per share from 2015, was announced on Monday as Qiagen cut its full-year profit outlook, citing U.S. government cutbacks that are hurting research institutions.Silicon Valley-based Ingenuity helps scientists and lab operators to structure and interpret the vast amounts of genetic data that new sequencing technology has made available.Devices pioneered by companies such as Life Technologies Corp and Illumina Inc have dramatically cut down the time and cost of sequencing human DNA. But this has created a bottleneck when it comes to the analysis and interpretation of the stream of new biological data.
Illumina, Inc. (Illumina) is a developer and manufacturer of life science tools and integrated systems for the analysis of genetic variation and function. Shares of ILMN traded higher by 2.84% or $1.78/share to $64.39. In the past year, the shares have traded as low as $37.77 and as high as $63.82. On average, 1214540 shares of ILMN exchange hands on a given day and today's volume is recorded at 1115217.
Life Technologies Corporation (Life Technologies) is a global life sciences company. Shares of LIFE fell by 0.08% or $-0.06/share to $73.68. In the past year, the shares have traded as low as $39.73 and as high as $73.79. On average, 3271390 shares of LIFE exchange hands on a given day and today's volume is recorded at 1802760.
Shares of QGEN traded higher by 0.58% or $0.12/share to $20.76. In the past year, the shares have traded as low as $15.66 and as high as $22.20. On average, 835084 shares of QGEN exchange hands on a given day and today's volume is recorded at 1119779.
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