BroadOak-backed Precision Cell Systems to acquire S2 Genomics and ORFLO.

BroadOak-backed Precision Cell Systems, a cell analysis tools company, agreed to acquire S2 Genomics and ORFLO, biotechnology companies. Financial terms were not disclosed. "In today's challenging market, many technologies that solve critical problems are stranded because of financial and operational gaps. We created Precision Cell Systems to solve this problem. Our model provides the commercial and operational infrastructure needed to convert them into sustainable, profitable businesses. Within months of these acquisitions, we've demonstrated the power of our consolidation model by reducing combined operating expenses by over 35% while simultaneously growing revenue," Anup Parikh, Precision Cell Systems CEO.