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Complete Genomics, Inc.

5/22/2013, 10:34 PM ET

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Tuesday, March 12, 9:51 AM BGI-Shenzhen receives approval from China's State Administration of Foreign Exchange for the company's acquisition of Complete Genomics (GNOM +0.8%). The deal has now obtained all the necessary regulatory authorizations. (PR) Comment! [Healthcare, M&A]
Monday, December 31, 2012, 1:25 PM Complete Genomics (GNOM +0.3%) says that it and BGI-Shenzhen obtained clearance from the Committee on Foreign Investment in the U.S. regarding itI's proposed acquisition of GNOM late Friday. In addition, BGI also extended its all cash offer to purchase all outstanding shares of GNOM until 12:00am ET on Monday, January 7, 2013. The Offer was previously set to expire at 12:00 am ET on Monday, December 31, 2012. Comment! [Global & FX, Healthcare, M&A]
Monday, November 26, 2012, 12:09 PM Ilumina (ILMN -3.6%) slips today on a Baird dowgrade to Neutral. Baird says there are near-term M&A risks, specifically citing ILMN's own bid for Complete Genomics (GNOM +0.2%) while chatter resurfaces about Roche (RHHBY.OB) potentially trying to buy ILMN again after falling to reach a deal earlier this year. Comment! [Healthcare, On the Move, M&A]
Monday, November 26, 2012, 8:57 AM California Judge Elizabeth Laporte agrees to review an earlier decision to invalidate certain claims of an Illumina (ILMN) patent. The ruling is connected to a case in which the company has accused Complete Genomics (GNOM) - which Illumina is trying to buy - of breaching its IP. Comment! [M&A, Healthcare]
Wednesday, November 21, 2012, 11:33 AM BGI-Shenzhen has again extended the deadline for its tender offer to acquire Complete Genomics (GNOM +1.6%), a move that comes in response to Illumina's (ILMN +0.8%) recently disclosed competing bid earlier this month that was rejected by the life sciences company. BGI's tender offer now expires on December 14. Comment! [Healthcare, M&A, On the Move, Global & FX]
Wednesday, November 21, 2012, 8:26 AM Complete Genomics (GNOM +2.3%) rejects Illumina's (ILMN) $114M bid despite the $3.30/share offer exceeding a $3.15 agreed proposal from China's BGI-Shenzhen. Illumina's bid is also not dependent on funding, nor is it subject to government approval as a foreign investment. Illumina "cannot comprehend" how GNOM "could rationally come to the conclusion" Illumina's offer is not superior. GNOM's shareholders may well agree. Comment! [M&A, Healthcare]
Friday, November 16, 2012, 5:40 PM After-hours top gainers, as of 5:15 p.m.: GNOM +12.5%. GTAT +5.1%. SWFT +4.6%. KFY +4.5%. STRI +4.5%.
After-hours top losers: KWK -10.4%. REGN -9.7%. BPZ -9.4%. FLO -9.2%. NSM -8.7%. Comment! [On the Move]
Tuesday, November 13, 2012, 12:04 PM Shares of Complete Genomics (GNOM +3.3%) are up today on a report that it received an unsolicited $3.30 per share bid from "Party H" on November 5th. The offer follows an earlier tender offer from BGI-Shenzhen last month. Complete Genomics told Party H the bid didn't "constitute a superior proposal" and would likely not gain anti-trust clearance. Comment! [Healthcare, M&A, Global & FX, On the Move]
Monday, September 17, 2012, 9:10 AM Premarket gainers: IRIS +45%. GNOM +15%. ODP +10%. KTOS +9%. CPRX +9%. TSLA +8%. DVAX +7%. CTIC +6%.
Losers: THLD -23%. Comment! [On the Move]
Monday, September 17, 2012, 6:38 AM Genomics firm BGI-Shenzhen plans to purchase Complete Genomics (GNOM) for $3.15 a share through a tender offer. The deal price marks a 54% premium over Friday's closing price for Complete Genomics. (PR) 1 Comment [M&A, Healthcare]
Thursday, July 12, 2012, 9:10 AM Premarket gainers: GNOM +10%. VHC +7%.
Losers: SVU -36%. INFY -10%. IMGN -6%. NMFC -5%. PGR -5%. Comment! [On the Move]
Thursday, July 12, 2012, 8:53 AM Complete Genomics (GNOM) +9.2% premarket and adding to a surge of 44% yesterday after it announced that its Long Fragment Read (LFR) technology, a new way of mapping DNA, "dramatically improves accuracy...and significantly reduces" the amount required for testing." That should make it more accessible to patients. (PR) Comment! [Healthcare, On the Move]
Tuesday, June 5, 2012, 3:33 PM Complete Genomics' (GNOM +5.3%) restructuring and postponement of capacity expansion are incremental positives for Illumina (ILMN +1.1%), observes Leerink Swann. The firm says v pricing in the whole human genome sequencing market could stabilize as a result of GNOM' actions. Comment! [Healthcare, On the Move]
Tuesday, June 5, 2012, 8:56 AM Complete Genomics (GNOM) +9.8% premarket after announcing it's laying off ~20% of its workforce to cut costs and has hired a financial adviser to help it explore strategic options including a possible sale of the company. GNOM says it is delaying expanding its monthly genome capacity until customer demand increases. Comment! [Healthcare, On the Move]
Friday, May 25, 2012, 9:05 AM Premarket gainers: GNOM +20%. FRO +7%.
Losers: DCTH -36%. TLB -27%. GENE -11%. PAY -10%. NYMT -6%. VRML -6%. Comment! [On the Move]
Tuesday, May 8, 2012, 3:57 PM Complete Genomics (GNOM -16%) drops hard after missing on its Q1 late yesterday on wider-than-expected losses. Revenue was down 42% Y/Y, largely due to an unexpected revenue recognition deferral for 200 units previously sold into Q2. Comment! [Healthcare, Earnings, On the Move]