Bionano Genomics Acquires Purigen Biosystems
November 28, 2022
Bionano Genomics agreed to acquire Purigen Biosystems to integrate Purigen's isotachophoresis (ITP) Ionic Purification System into Bionano's optical genome mapping (OGM) workflow, aiming to simplify ultra-high molecular weight (UHMW) DNA isolation and address difficult sample types. The deal consideration is up to $64 million (including $32 million cash at closing and milestone-contingent payments) and was expected to close by December 8, 2022.
- Buyers
- Bionano Genomics, Inc.
- Targets
- Purigen Biosystems, Inc.
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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