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New Deal


Announced

Completed

Paragraf completed the acquisition of Cardea Bio.

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

Completed

Cross Border

biology-gated transistors

Majority

Private

Acquisition

Friendly

Single Bidder

United States

Synopsis

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Paragraf, the only company in the world to mass produce graphene electronics, completed the acquisition of Cardea Bio, a producer of graphene-based biocompatible chips. Financial terms were not disclosed. “The world-leading IP and expertise in graphene-electronic-based molecular detection using CRISPR and other bioassay methods from Cardea Bio, combined with Paragraf’s ground-breaking developments in scalable graphene production processes will deliver a strong pipeline of biosensing products aimed at solving major global challenges,” Simon Thomas, Paragraf CEO and Co-founder.

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