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Monday, October 5, 2020

10x Genomics advances in emerging in situ analysis with 2 acquisitions

  • Continuing on its mission of mastering biology to advance human health, 10x Genomics (NASDAQ:TXG) to acquire ReadCoor for cash and stock consideration of $350M.
  • The announcement follows acquisition of Stockholm-based CartaNA AB, developers of In Situ RNA analysis technology, in late August.
  • As a result of these transactions, 10x Genomics will acquire over 110 patents and applications that cover multiple foundational In Situ analysis approaches.
  • These add to its already comprehensive patent portfolio of over 825 issued patents and applications.
  • Source: Press Release
  • https://seekingalpha.com/news/3619942-10x-genomics-advances-emerging-field-of-in-situ-analysis-two-acquisitions

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