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Health

Diagnostic Giant LabCorp Buys San Diego's Sequenom

By Kenny Goldberg / Health Reporter
Published July 27, 2016 at 12:59 PM PDT
This story was published more than 8 years ago.
A Sequenom booth at a San Diego convention is show in this undated photo.
Katie Schoolov
A Sequenom booth at a San Diego convention is show in this undated photo.

Diagnostic Giant LabCorp Buys San Diego's Sequenom
North Carolina-based LabCorp will pay $371 million to acquire San Diego biotech company Sequenom.

LabCorp, one of the world's leading healthcare diagnostic companies, has agreed to buy Sequenom for $371 million.

San Diego-based Sequenom was one of the pioneers in developing non-invasive genetic tests.

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It suffered a setback last year, when a federal appeals court invalidated the company’s patent for a prenatal DNA test. The U.S. Supreme Court declined to review the case last month.

Sequenom’s CEO Dirk van den Boom said becoming part of LabCorp will allow the company to reach a much broader market.

LabCorp officials said their purchase of the company is a highly strategic move. Officials say Sequenom’s best-in-class offerings and strong research and development pipeline perfectly compliment LabCorps’ test menu.

LabCorp has more than 48,000 employees worldwide.

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Kenny Goldberg
Kenny Goldberg covered health for KPBS, where he reported on a wide range of health-related topics. His radio and television work garnered three Golden Mike awards, Best in Show from the Society of Professional Journalists, and numerous other honors. He has also been awarded fellowships from the New York Times Foundation and the National Press Foundation. In addition to his work for KPBS, Kenny was a frequent contributor to the California Report, heard on public radio stations throughout California. A Seattle native, Kenny graduated from the University of Washington, and began his broadcasting career in the news departments of KOGO and KSDO in San Diego. In his spare time, Kenny loves to practice tai chi, hike, and travel with his wife, Angela.
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