Invitrogen to Operate Under Life Technologies Name

A merger between scientific instrument makers Invitrogen Corp. and Applied Biosystems Inc. will create a new company named Life Technologies Corp., the companies said.

The stock will trade on the Nasdaq under the symbol LIFE.

Life Technologies will continue selling instruments and other products under the Applied Biosystems brand, and reagents under the Invitrogen name.

Invitrogen agreed to buy Applied Biosystems in June for $6.4 billion in cash and stock. At the time, the companies said they would operate under the name Applied Biosystems.

US regulators approved the deal but the companies said they are waiting for European approval.

“When we receive European Commission clearance, we will be ready to enable research that will lead to more personalized medicine, safer food and water, and a healthier environment — in short, we will provide technologies that make life even better,” Greg Lucier, chairman and CEO of Invitrogen, said in a statement.

SOURCE: San Diego Business Journal