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Announced

Completed

Veracyte completed the acquisition of Decipher Biosciences for $600m.

Financials

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Transaction Value£439m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales15x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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biotechnology company

Majority

Biotechnology

Friendly

genomic tests

Private

United States

Acquisition

Single Bidder

Domestic

Completed

Synopsis

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Veracyte, a global genomic diagnostics company, completed the acquisition of Decipher Biosciences, a commercial-stage precision oncology company, for $600m. "By combining Decipher Biosciences’ leadership in urologic cancers with our comprehensive genomic testing menu, Veracyte will be able to serve patients across the clinical care continuum in 7 of the 10 most prevalent cancers in the United States with highly differentiated and clinically impactful tests, significantly accelerating revenue growth and driving shareholder value. Further, with our best-in-class nCounter diagnostics platform, we are well-positioned to deliver comprehensive genomic cancer testing to physicians and their patients worldwide," Bonnie Anderson, Veracyte Chairman and CEO.

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