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New Deal


Announced

Avellino Lab USA to go public via a SPAC merger with Senior Connect Acquisition I.

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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Biotechnology

Reverse Takeover

Single Bidder

precision medicine

Private

Acquisition

Merger

De-SPAC

Domestic

Pending

United States

Majority

Friendly

Synopsis

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Avellino Lab USA, an operator of a biotech company intended to leverage genetic data, agreed to go public via a SPAC merger with Senior Connect Acquisition I. Financial terms were not disclosed. The primary driver of its business is the aggregation, curation, and deep analysis of vast amounts of genetic data to provide solutions for early detection of disease states in the areas of ophthalmology, oncology and infectious disease. Avellino's business has a strong track record of diagnosing genetic conditions, initially focused on corneal dystrophies and other inherited diseases in ophthalmology.

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