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New Deal


Announced

Completed

Discovery Life Sciences completed the acquisition of the Gentest business of Corning.

Financials

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

Tags

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United States

biotechnology company

Domestic

reagents

tissue fractions

Friendly

Biotechnology

Completed

Acquisition

Single Bidder

metabolic enzymes

Majority

Private

Synopsis

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Discovery Life Sciences, the biospecimen and biomarker specialists, completed the acquisition of the Gentest business of Corning, an American multinational technology company. Financial terms were not disclosed. "We are excited to welcome the brilliant scientific experts and exceptional talent behind Corning's Gentest portfolio to the Discovery team. Our combined decades of experience in the application of in vitro experimental approaches in the evaluation of drug metabolism, drug-drug interactions, toxicology, and pharmacology, plus our combined unparalleled technologies, allow Discovery to provide the most advanced and highest quality in vitro products and research services to the research communities and drug development laboratories," Albert Li, Discovery Chief Scientific Officer of Pharmacology and Toxicology.

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