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Invitae Acquires CombiMatrix, Good Start Genetics

05:38 EDT 1 Aug 2017 | Genetic Engineering News

Invitae has acquired two diagnostics developers, CombiMatrix and Good Start Genetics, for a combined $72 million in cash and stock, in a deal designed to expand the buyer's diagnostics offerings across all stages of life, Invitae plans to shell out approximately $33 million for CombiMatrix focuses on diagnostics for prenatal diagnosis, miscarriage analysis and pediatric developmental disorders, while Good Start Genetics specializes in molecular diagnostics for preimplantation and carrier screening for inherited disorders. "This is a transformative moment for Invitae, for our industry, and—importantly—for patients,” Invitae CEO Sean George said in a statement yesterday. “By acquiring Good Start and CombiMatrix, Invitae intends to create the industry's first comprehensive genetic information platform providing high-quality, affordable genetic information coupled with world-class clinical expertise to inform healthcare decisions throughout every stage of an individual's life,” George said. Also yesterday, Invitae said separately it will sell $73.5 million of ...

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