M&A Deal Summary

Medgenome Labs Acquires PacBio - Revio Sequencing System

On July 18, 2024, Medgenome Labs acquired life science company PacBio - Revio Sequencing System from Pacific Biosciences of California

Acquisition Highlights
  • This is Medgenome Labs’ 2nd transaction in the Life Science sector.
  • This is Medgenome Labs’ 2nd transaction in the United States.
  • This is Medgenome Labs’ 2nd transaction in California.

M&A Deal Summary

Date 2024-07-18
Target PacBio - Revio Sequencing System
Sector Life Science
Buyer(s) Medgenome Labs
Sellers(s) Pacific Biosciences of California
Deal Type Divestiture

Target

PacBio - Revio Sequencing System

Menlo Park, California, United States
PacBio's Revio Sequencing System simplifies HiFi sequencing experience with fewer consumables optimized for easy tracking and minimal waste.

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Buyer(S) 1

Buyer

Medgenome Labs

Bangalore , India

Category Company
Founded 2013
Sector Life Science
DESCRIPTION

Medgenome Labs is a genomics-driven research and diagnostics company. Medgenome Labs was founded in 2013 and is based in Bangalore, India.


DEAL STATS #
Overall 2 of 2
Sector (Life Science) 2 of 2
Type (Divestiture) 1 of 1
State (California) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Lifecode

Foster City, California, United States

Lifecode, Inc. is a personalized medicine company.

Buy -

Seller(S) 1

SELLER

Pacific Biosciences of California

Menlo Park, California, United States

Category Company
Founded 2004
Sector Life Science
DESCRIPTION

Pacific Biosciences of California, Inc. offers sequencing systems to help scientists resolve genetically complex problems. Based on its novel Single Molecule, Real-Time (SMRT®) technology, Pacific Biosciences’ products enable: de novo genome assembly to finish genomes in order to more fully identify, annotate and decipher genomic structures; full-length transcript analysis to improve annotations in reference genomes, characterize alternatively spliced isoforms in important gene families, and find novel genes; targeted sequencing to more comprehensively characterize genetic variations; and real-time kinetic information for epigenome characterization. Pacific Biosciences’ technology provides high accuracy, ultra-long reads, uniform coverage, and the ability to simultaneously detect epigenetic changes. PacBio® sequencing systems, including consumables and software, provide a simple, fast, end-to-end workflow for SMRT Sequencing.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Apton

Pleasanton, California, United States

Apton is a developer of Super-Res™ sequencing and single-molecule detection systems for large-scale clinical applications such as early cancer detection and population sequencing. Apton has re-imagined the optical systems for sequencing using super-resolution to evaluate molecules spaced closer than a wavelength of light. Apton's Super-Res™ technology sequences tens of billions of reads in a single run using simple, un-patterned flow cells that lower variable costs. Apton was founded in 2012 and is based in Pleasanton, California.

Buy $110M