Hassibi's Invention Makes CMOS-based Next Gen DNA Sequencing Possible
On August 17th, 2010, Life Technologies Corporation (NASDAQ: LIFE), a provider of innovative life science solutions, announced a definitive agreement to acquire Ion Torrent for $375 million in cash and stock and an additional $350 million upon the meeting time-based milestones through 2012. Ion Torrent has been building the next generation of fully-electronic and CMOS-based DNA sequencing platforms, a technology which was co-invented by Professor Arjang Hassibi while at Stanford University (US Patent 7,223,540), now an Assistant Professor at The University of Texas at Austin.