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Announced

Completed

Quest Diagnostics completed the acquisition of Haystack Oncology for $300m.

Financials

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Transaction Value£240m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Biotechnology

Friendly

biotechnology

Private

oncology

Majority

Single Bidder

Acquisition

Domestic

United States

Completed

Synopsis

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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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