After year of aggressive cuts and refocusing, Standard BioTools looks for acquisitions - San Francisco Business Times

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The 24-year-old company, founded as Fluidigm, got a $250 million influx from two hedge funds and brought in new management.

"The Danaher culture is a high-performance culture. That speaks to many, not to others," Egholm said."Having that joined experience of working in a high-performance culture, we speak the same language and have this idea of focusing on where we want to go, the gap and closing the gap, not on weaknesses or people being 'good' or 'bad.'"

The company plans to introduce an imaging system this April that scans five times more sample slides a day and a $20 million stock repurchase program started in November will continue through the end of this year. "The vast majority of tools players over the past 10, 20 years waste money and lose money, and they lose money because they waste money," Egholm said.

 

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