Announced
Completed
Financials
Tags
United States
Friendly
Private
Domestic
Acquisition
biotechnology company
Biotechnology
Single Bidder
Majority
Private Equity
Completed
Synopsis
Pacific Biosciences, a provider of high-quality, long-read sequencing platforms, completed the acquisition of Omniome, a San Diego-based company developing a highly differentiated, proprietary short-read sequencing platform capable of delivering high accuracy, for $800m. "The team at Omniome has spent several years developing a new and differentiated sequencing chemistry, Sequencing by Binding. We developed this chemistry because clinical applications require a level of accuracy that is difficult to achieve with current sequencing technologies. SBB has fundamental advantages over other technologies and the potential to deliver higher sensitivity at a lower cost to unlock new markets," Richard Shen, Omniome President.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.