Announced
Completed
Financials
Tags
Biotechnology
Friendly
biotechnology
Private
oncology
Majority
Single Bidder
Acquisition
Domestic
United States
Completed
Synopsis
Quest Diagnostics, an American clinical laboratory, completed the acquisition of Haystack Oncology, an early-stage oncology company, for $300m. "We are excited by the opportunity to work together with Haystack Oncology, a company that we believe has developed a best-in-class ctDNA MRD technology. Haystack's liquid biopsy technology, combined with Quest's strengths in screening, pathology and sequencing, will now position us to lead in the fast-growing MRD category. Working with Haystack, we have an opportunity to broaden access to MRD insights and potentially improve favorable long-term outcomes from cancer," Jim Davis, Quest Diagnostics Chairman, CEO and President.
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