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Exact Sciences to Merge with Genomic Health Forming a New Cancer Diagnostics Company

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Exact Sciences to Merge with Genomic Health Forming a New Cancer Diagnostics Company

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  • Exact Sciences enter into a merger agreement with Genomic in cash & stock transaction for $72/share making the total deal value $2.8B. Genomic to receive $27.50 in cash & $44.50 in shares of Exact Sciences stock for each owned share based on the closing price value as of Jul 26- 2019. The transaction is expected to be completed in H2’19
  • Exact Sciences is expected to own ~91% share of the combined company while remaining will be owned by Genomic. The newly formed company will offer Exact Sciences' Cologuard and Genomic Health's Oncotype DX- commercially available in 90+ countries with its expected revenue ~$1.6B in 2020
  • Cologuard is a non-invasive colon cancer screening test utilizes stool DNA technology to diagnose colon cancer & precancer patients. Oncotype IQ platform is a genomic-based diagnostic test which has guided personalized treatment decisions for cancer patients across the globe

Click here to­ read full press release/ article | Ref: Exact Sciences | Image: Genomic Health


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This content piece was prepared by our former Senior Editor. She had expertise in life science research and was an avid reader. For any query reach out to us at connect@pharmashots.com

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