Twist Bioscience Acquires iGenomX

June 30, 2021

Twist Bioscience acquired iGenomX, a developer of high-throughput multiplex NGS library preparation tools, to expand its NGS workflow capabilities and accelerate customer conversion from microarray genotyping to sequencing-based genotyping. The deal consideration was $35 million (combination of cash and Twist stock, plus up to $5 million contingent stock), and Twist expects modest near-term financial impact with incremental revenue from the acquired business in fiscal 2023.

Buyers
Twist Bioscience Corporation
Targets
iGenomX
Industry
Biotechnology
Location
California, United States
Transaction Type
Buyout

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