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New Deal


Announced

Twist Bioscience to acquire Abveris for $190m.

Financials

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Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Single Bidder

Pending

Acquisition

Friendly

antibody discovery

Private

United States

Biotechnology

Synopsis

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Twist Bioscience, synthetic biology and genomics company, agreed to acquire Abveris, an antibody discovery services company, for $190m. “The addition of the Abveris discovery platform is a natural fit with Twist as it will complement and extend our biopharma antibody capabilities into mouse-based discovery and screening. There are three key approaches to antibody discovery: synthetic libraries, which is the specialty of Twist; in vivo discovery through animal models; and artificial intelligence models. With the anticipated acquisition of Abveris, Twist will have expertise in each, creating a robust antibody design, discovery and screening organization to serve both our partners and our internal pipeline,” Emily M. Leproust, Twist Bioscience CEO and Co-Founder.

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