Veracyte Buys Convergent Genomics

MT Newswires Live

09/15

Veracyte (VCYT) said late Monday it has acquired Convergent Genomics for $150 million in upfront cash and up to additional $30 million tied to milestones over UroAmp reimbursement efforts.

The company said the acquisition expands its urology diagnostics portfolio with a urinary tumor DNA testing platform.

Veracyte said it contemplated Convergent's operating expenses in 2026 adjusted EBITDA outlook and is not updating its guidance.

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