GEN Exclusives

More »

GEN News Highlights

More »
Mar 16, 2012

GEN Readers Predict Roche’s Persistence in Pursuing Illumina Will Pay Off

  • Roche’s overtures to Illumina will eventually pay off with an agreement to buy the sequencing instrument maker. At least that’s how GEN online readers believe the corporate soap opera will play out, if a recent poll is any indication. Just over two-thirds of respondents (67.4%) said they expect the pharma giant to win over its reluctant acquisition target, while 23.5% expect Illumina to stand firm and resist Roche’s campaign. The remaining 9.1% were undecided.

    In January, Roche went public with its $5.7 billion offer for Illumina, which responded by enacting a poison-pill shareholder rights plan. Roche fired back by nominating a slate of directors for election to Ilumina’s board. Embattled Illumina faced another challenge last month, when a group of its shareholders filed a putative class action against the company alleging that its directors breached their fiduciary duties and did not get the best price. Roche has shown it can hang in for the long run when it pursues companies, judging from its eventual acquisitions of Ventana and Genentech.

Add a comment

  • You must be signed in to perform this action.
    Click here to Login or Register for free.
    You will be taken back to your selected item after Login/Registration.

Related content


GEN Jobs powered by connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
More »

Be sure to take the GEN Poll

Patient Access to Genetic Information

Do you think patients have the absolute right to gain access to their own genetic information from medical or clinical laboratories?

More »