GeneDx Completes Acquisition of Fabric Genomics

MT Newswires Live

05-07

GeneDx Holdings (WGS) said Wednesday it completed the acquisition of Fabric Genomics, a provider of artificial intelligence-powered genomic interpretation.

The company previously said in April it was to pay up to $33 million in cash upon closing and up to another $18 million if certain milestones are met.

Shares of GeneDx were down more than 3% in recent Wednesday trading.

Price: 61.19, Change: -2.08, Percent Change: -3.29

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