Veracyte to Acquire C2i Genomics to Add Whole-Genome MRD Capabilities
January 8, 2024
Veracyte has reached a definitive agreement to acquire C2i Genomics, a minimal residual disease (MRD) detection company, to add whole-genome MRD capabilities to its diagnostics platform. Under the terms, Veracyte will pay $70 million in Veracyte shares at closing and up to an additional $25 million tied to future performance milestones, expected to close in the first quarter of 2024.
- Buyers
- Veracyte, Inc.
- Targets
- C2i Genomics, Inc.
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Buyout
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