GeneDx Completes Acquisition of Fabric Genomics

MT Newswires Live
07 May

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10