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Life's loss is Illumina's gain, as Ion Torrent founder leaves

This article was originally published in Clinica

Executive Summary

Jonathan Rothberg has resigned as CEO of Life Technologies’ subsidiary Ion Torrent, its next-generation DNA sequencing business, “to pursue other opportunities”. The move is “not a surprise given Dr Rothberg’s entrepreneurial background”, according to Goldman Sachs analyst Isaac Ro, who noted: “Since the announcement of the proposed [Thermo Fisher Scientific/Life] merger, investors have questioned what Dr Rothberg’s position might be in the combined company.” Thermo Fisher agreed to buy Life for $13.6 billion (excluding debt) in April (www.clinica.co.uk, 16 April 2013).

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