Close

NeoGenomics to acquire GE Cancer Testing Unit Clarient

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Related stories

WHO Supplies Medical Equipment for Post-Marburg...

In a recent move, the World Health Organization has...

Life Sciences Sector Plan Sets UK...

Main Article: UK Life Sciences Sector Plan Sets Sights...

UK Government Launches Ambitious Life Sciences...

Government Unveils Life Sciences Roadmap for Growth and Innovation London,...

Highly Customized Treatments to Offer Specialized...

The Human Medicines Regulations 2025, which came into force...
NeoGenomics Inc. agreed to acquire Clarient Inc., a subsidiary of the health-care unit of General Electric Co. , in a deal potentially valued at $275.2 million that aims to broaden the genetic-testing company’s offerings of cancer diagnostic tests.
Under the deal, NeoGenomics will acquire the cancer diagnostic testing firm for $80 million in cash, $110 million in preferred stock, and 15 million shares of NeoGenomics common stock—valued at roughly at $85.2 million based on Tuesday’s closing price.
NeoGenomics Chairman and Chief Executive Douglas VanOort said NeoGenomics and GE Healthcare have agreed to collaborate on a new bioinformatics initiative that will explore the potential for new products that combine genomic and imaging data.
Clarient had revenue of $127 million last year and has roughly 415 employees.
NeoGenomics said that Clarient’s capabilities in testing for solid tumor cancers of the breast, colon and lung are highly complementary to its capabilities in testing hematologic cancers.
The company expects cost savings of $4 million to $6 million next year, with annual cost savings rising to $20 million to $30 million by the end of the third year following the deal.

Latest stories

Related stories

WHO Supplies Medical Equipment for Post-Marburg Virus Heal

In a recent move, the World Health Organization has...

Life Sciences Sector Plan Sets UK on Global Growth Track

Main Article: UK Life Sciences Sector Plan Sets Sights...

UK Government Launches Ambitious Life Sciences Sector Plan

Government Unveils Life Sciences Roadmap for Growth and Innovation London,...

Highly Customized Treatments to Offer Specialized Care to UK

The Human Medicines Regulations 2025, which came into force...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back