.
MergerLinks Header Logo

New Deal


Announced

Castle Biosciences to acquire Cernostics for $80m.

Synopsis

Castle Biosciences agreed to acquire Illumina Ventures company, Cernostics, spatial analytics platform, in a cash-and-stock deal worth $30m. The deal also involves future contingent milestone payments in cash or stock of up to $50m. "Acquiring the TissueCypher platform is aligned with our commitment to utilizing innovative technology to provide clinically actionable information that guides disease management and improves patient outcomes. Unfortunately, the incidence of esophageal cancer is increasing at one of the fastest rates of all cancers in the US, so we need new clinical tools to reverse this growth trend in the diagnosis of esophageal adenocarcinoma (EAC)," Derek Maetzold, Castle Biosciences CEO.

Show Details & Financials

Market Context

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US