Divestiture • Life Science

Q² Solutions Acquires Myriad RBM

On May 24, 2021, Q² Solutions acquired life science company Myriad RBM from Myriad

Acquisition Context
  • This is Q² Solutions’ 1st transaction in the Life Science sector.
  • This is Q² Solutions’ 1st transaction in the United States.
  • This is Q² Solutions’ 1st transaction in Texas.

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M&A Deal Summary

Date May 24, 2021
Target Myriad RBM
Sector Life Science
Buyer(s) Q² Solutions
Sellers(s) Myriad
Deal Type Divestiture

Target Company

Myriad RBM

Austin, Texas, United States
Myriad RBM is a multiplexed immunoassay testing laboratory that solves complex drug development challenges with innovative biomarker services and a novel whole blood immunophenotyping device (TruCulture®). Myriad RBM was founded in 2002 and is based in Austin, Texas.
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Buyer Overview 1

Buyer

Q² Solutions

Morrisville, North Carolina, United States

Category Company
Founded 2015
Sector Life Science
DESCRIPTION

Q² Solutions is a global clinical trial laboratory services organization that helps biopharmaceutical, medical device, and diagnostics customers improve human health through innovation that transforms science and data into actionable medical insights. Q² Solutions is a quality-driven, responsive partner with strong global experience and deep scientific and medical expertise. Q² Solutions was formed in 2015 and is based in Morrisville, North Carolina.


Deal Context for Buyer #
Overall 1 of 2
Sector: Life Science 1 of 2
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Nexelis

Laval, Quebec, Canada

Nexelis is an immunology-centric CRO specialized in preclinical models and clinical assay development in single and multiplex formats and sample analysis for low-, mid- and large-scale clinical testing. the company's team of scientists and technology platforms have been instrumental in the development, qualification, and validation of assays supporting FDA filings of over 100 new molecular entities, including blockbuster biologics such as vaccines and complex large molecules.

Buy -

Seller Profile 1

SELLER

Myriad

Salt Lake City, Utah, United States

Category Company
Founded 1991
Sector Life Science
Employees2,700
Revenue 838M USD (2024)
DESCRIPTION

Myriad is a molecular diagnostic company that discovers and commercialize a transformative tests to assess a person's risk of developing disease, guide treatment decisions and assess risk of disease progression and recurrence. Myriad was founded in 1991 and is based in Salt Lake City, Utah.


Deal Context for Seller #
Overall 4 of 4
Sector: Life Science 2 of 2
Type: Divestiture 4 of 4
State: Texas 1 of 1
Country: United States 4 of 4
Year: 2021 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Myriad Autoimmune s Vectra Testing Business

Salt Lake City, Utah, United States

Myriad Autoimmune's Vectra Testing Business is a non-invasive, blood-based test that analyzes 12 biomarkers to measure RA disease activity. It combines those measures to generate an easy-to-understand score, which indicates the severity of RA inflammation and how well current treatments are working. It also can predict potential, future joint damage. This enables the 5,000 practicing rheumatologists in the U.S. to provide targeted treatment and adjust existing treatments to better manage RA symptoms.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Myriad Genetics - EndoPredict Business

Salt Lake City, Utah, United States

Myriad Genetics' EndoPredict Business offers a comprehensive suite of precision medicine tools for breast, prostate, ovarian, pancreatic, endometrial, and colon cancer. Myriad Genetics' EndoPredict Business is based in Salt Lake City, Utah.

Buy -