Add-on Acquisition • Life Science

Canopy Biosciences Acquires Core Diagnostics

On December 4, 2019, Canopy Biosciences acquired life science company Core Diagnostics

Acquisition Context
  • This is Canopy Biosciences’ 1st transaction in the Life Science sector.
  • This is Canopy Biosciences’ 1st transaction in the United States.
  • This is Canopy Biosciences’ 1st transaction in California.

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M&A Deal Summary

Date December 4, 2019
Target Core Diagnostics
Sector Life Science
Buyer(s) Canopy Biosciences
Deal Type Add-on Acquisition

Target Company

Core Diagnostics

Hayward, California, United States
Core Diagnostics is a California licensed CLIA-certified laboratory offering biomarker analysis and translational research support for studies ranging from early discovery to analyses of Phase III clinical trial samples. Core’s research group works with clients to develop biomarker strategies and assays collaboratively by functioning seamlessly as an extension of their team and executing on their requirements.
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Buyer Overview 1

Buyer

Canopy Biosciences

St. Louis, Missouri, United States

Category Company
Founded 2016
Sector Life Science
DESCRIPTION

Canopy Biosciences LLC is a provider of gene editing and gene expression products and services. Canopy's gene-editing portfolio spans easy-to-use CRISPR kits, off-the-shelf cell lines, as well as full-service custom cell line engineering. Canopy Biosciences was founded in 2016 and is based in St. Louis, Missouri.


Deal Context for Buyer #
Overall 2 of 2
Sector: Life Science 1 of 1
Type: Add-on Acquisition 2 of 2
State: California 1 of 1
Country: United States 1 of 1
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 Zellkraftwerk

Leipzig, Germany

Zellkraftwerk GmbH is a manufacturer of ZellScanner™ ONE, device able to analyze more than 100 markers per cell based on the Chipcytometry technology. The device allows for deep insights into formerly unknown cell subpopulations and their state of activation, while its microfluidic chips can be additionally used for sample storage that guarantee biomarker stability for up to 24 months. Zellkraftwerk GmbH was founded in 2014 and is based in Leipzig, Germany.

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