Life sciences firm Qiagen said on Monday it has acquired DNA-biometrics firm Verogen in a $150-million cash deal, strengthening its forensics portfolio.
The deal builds on the companies' existing partnership from 2021, under which Qiagen has the rights to distribute some of Verogen's products such as its next-generation gene sequencing panels and genetic code analyzing technology GEDmatch.
Qiagen expects about $20 million of sales from the Verogen portfolio this year. The deal is expected to be dilutive to Qiagen's 2023 adjusted profit per share by about 3 cents and neutral to the firm's 2024 profit. San Diego-based Verogen, founded in 2017, provides DNA-based human identification products and services, which are used in forensic analysis and to help resolve criminal and missing persons cases.
Verogen's portfolio will complement Qiagen's sample collection and preparation kits, which are used to separate human DNA from forensic investigation samples for analysis.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hear what expert thinks about DNA police found at Idaho crime scene | CNNInvestigative genetic genealogist CeCe Moore, who has not worked on the Idaho student killings case, explains the type of DNA likely found at the crime scene and the role it played in identifying the suspect. Watch:
Read more »
How DNA, genealogy lead investigators to the suspect in Idaho student killingsAn arrest in the Idaho murders is drawing a lot of attention to the use of forensic genealogy and DNA in closing cases.
Read more »
Peugeot to add five new electric cars to existing model lines by 2025 | AutocarPeugeot will offer EV variants of all its existing models by 2025 - an electric 408 is already confirmed to be in the works ⚡
Read more »
NetEase Acquires Developer that Worked on Halo Infinite and MinecraftChinese gaming company NetEase acquired another studio this week, this time going after one that's [...]
Read more »