Pacific Biosciences Acquires Apton Biosystems

August 2, 2023

Pacific Biosciences (PacBio) has entered into an agreement to acquire Apton Biosystems, a Pleasanton, California-based developer of high-throughput short-read sequencing instrumentation, to accelerate development of a next-generation, high-throughput short-read sequencer. The all-stock deal provides approximately $85 million upfront (≈6.3M shares) plus up to $25 million in additional consideration contingent on achieving $50 million in revenue, valuing the transaction at up to ~$110 million.

Buyers
Pacific Biosciences (PacBio)
Targets
Apton Biosystems
Industry
Biotechnology
Location
California, United States
Transaction Type
Buyout

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