Business news for Mon, 24 Dec 2007 & with words firm+ipo. 2 news.

CGEN's larger competitor Focus Media announced it was buying CGEN in a deal that could ultimately wind up being worth $350 million.

BG Medicine, a small Waltham company trying to develop novel medical tests, has postponed its initial public offering until next year after failing to excite enough investors to go public this month, analysts say.