M&A Deal Summary

Discovery Life Sciences Acquires Corning - Gentest Business

On April 5, 2022, Discovery Life Sciences acquired life science company Corning - Gentest Business from Corning

Acquisition Highlights
  • This is Discovery Life Sciences’ 5th transaction in the Life Science sector.
  • This is Discovery Life Sciences’ 3rd transaction in the United States.
  • This is Discovery Life Sciences’ 1st transaction in New York.

M&A Deal Summary
Date 2022-04-05
Target Corning - Gentest Business
Sector Life Science
Buyer(s) Discovery Life Sciences
Sellers(s) Corning
Deal Type Divestiture

Target

Corning - Gentest Business

Corning, New York, United States
Corning's Gentest Business includes absorption and transport reagents, recombinant metabolic enzymes, tissue fractions, hepatocytes, other ADME toxicology products, and contracted research services.

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Buyer(S) 1

Buyer

Discovery Life Sciences

Huntsville, Alabama, United States
Category Company
Founded 2018
Sector Life Science
DESCRIPTION

Discovery Life Sciences is a provider of biospecimen analysis, procurement, distribution, and genomic, cell-based and histology-based scientific services for the pharmaceutical, biotechnology, and diagnostics industries. HudsonAlpha Discovery is Discovery’s sequencing and bioinformatics division, a globally recognized service laboratory that leverages the most current genomic research technologies to comprehensively support discovery, translational, and clinical research. Discovery Life Sciences was founded in 2018 and is based in Huntsville, Alabama.

DEAL STATS #
Overall 5 of 7
Sector (Life Science) 5 of 7
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 3 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 In Vitro ADMET

Columbia, Maryland, United States

In Vitro ADMET provides premium hepatocyte and enterocyte products and related services to assist all of your in vitro ADMET research needs. In Vitro ADMET was founded in 2004 and is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 AllCells

Alameda, California, United States

AllCells is a provider of clinical-grade (GMP-compliant) and Research Use Only (RUO) primary cell products. AllCells was founded in 1998 and is based in Alameda, California.

Buy -

Seller(S) 1

SELLER

Corning

Corning, New York, United States
Category Company
Founded 1851
Sector Manufacturing
Employees49,800
Revenue 12.6B USD (2023)
DESCRIPTION

Corning is a manufacturer of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications, and life sciences. Corning was founded in 1851 and is based in Corning, New York.

DEAL STATS #
Overall 7 of 7
Sector (Life Science) 1 of 1
Type (Divestiture) 6 of 6
State (New York) 2 of 2
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 Syserso Networks

Hanover, Germany

Syserso Networks has established itself as a long-term partner to telecom carriers, utility companies, and other owners or operators of critical IT and telecom networks. Services include network engineering, maintenance, and managed services/operation. Syserso Networks was founded in 1998 and is based in Hanover, Germany.

Sell -
Mergr

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