Twist Bioscience Acquires Abveris

November 22, 2021

Twist Bioscience entered into a definitive agreement to acquire Abveris (formerly AbX Biologics), an in vivo antibody discovery services company, for up to $190 million. The deal (approximately $150 million at closing in Twist common stock and up to $40 million contingent stock consideration plus limited cash) is intended to combine Abveris's mouse-based discovery platform with Twist's humanization and antibody engineering capabilities to broaden Twist's antibody discovery and biopharma services.

Buyers
Twist Bioscience Corporation
Targets
Abveris (formerly AbX Biologics, Inc.)
Industry
Biotechnology
Location
Massachusetts, United States
Transaction Type
Buyout

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