Life science firm Illumina acquires Duke spin-out Advanced Liquid Logic, a provider of liquid handling solutions, for $94m.

Illumina, a US-based life sciences firm, has acquired microfluidic tech firm Advanced Liquid Logic (ALL), for $96m.

Spun out from Duke University in 2004, ALL will become a wholly-owned subsidiary of Illumina. Backing for ALL is unknown, with only a debt financing round backed by private venture capitalists for an unknown amount being the only record of investment, aside from Small Business Innovation Research grants from the US Government.

ALL develops digital microfluidic technology (otherwise known as lab-on-a-chip tech), which…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?