We ascribe no malevolent or overtly political motive to the Federal Trade Commission's June 24 announcement that it would try to block Cytyc Corp. 's acquisition of Digene Corp. [See Deal] Nor is the decision impossible to understand given Digene's current position as the only maker of a molecular diagnostic test for human papilloma virus, the cause of cervical cancer, and Cytyc's dominance in liquid-based Pap testing (the specimen vial). Nonetheless, we find the stated FTC rationale against the deal, which caused these two innovators to walk away from it, philosophically troubling.
A merger with Cytyc would have freed Digene of the need to expend more resources on sales and marketing at...
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