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Life Technologies Acquires Pinpoint Genomics and CLIA-Approved Lung Cancer Test
Date:7/25/2012

ogies also recently announced its acquisition of Navigenics, Incorporated.

"With the physician and patient portal acquired from Navigenics, Life Technologies is positioned to create a new standard of excellence in the communication of complex diagnostic results," said Andrews.  "In addition, with the emergence of the Ion Personal Genome Machine (PGM™) Dx for next-generation sequencing as a technology ready for clinical development, Life stands alone in our industry as a company that can empower labs with content and platforms across the genome, transcriptome and proteome."

This acquisition represents another step in the company's strategy to develop its diagnostic business through internal development, partnerships and select acquisitions.  The company expects the combination of the Pinpoint transaction, and acquisition of Navigenics, to be $0.02 dilutive to Life Technologies earnings in 2012, $0.05 dilutive in 2013 and accretive thereafter. The company also expects the combination to meet its stated criteria for evaluating smaller acquisitions and therefore to be accretive to the company's overall ROIC within three years following the close of the transactions.

1The Lancet, Vol. 379 No. 9818, pp. 823-832, Mar 03, 2012

About Life Technologies

Life Technologies Corporation (NASDAQ: LIFE) is a global biotechnology company with customers in more than 160 countries using its innovative solutions to solve some of today's most difficult scientific challenges. Quality and innovation are accessible to every lab with its reliable and easy-to-use solutions spanning the biological spectrum with more than 50,000 products for agricultural biotechnology, translational research, molecular medicine and diagnostics, stem cell-based therapies, forensics, food safety and animal health. Its systems, reagents and consumables represent some of t
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