Roche Broadens Sequencing Portfolio with Genia Acquisition; PacBio Partnership Continues | GenomeWeb

NEW YORK (GenomeWeb) — Following its agreement with Pacific Biosciences last year to develop a sequencing platform for clinical diagnostics, Roche put its strategy for next-generation sequencing on a second leg this week by agreeing to acquire single-molecule nanopore sequencing startup Genia for up to $350 million.

Under the terms of the deal, expected to close soon, Roche will pay $125 million in cash and up to another $225 million tied to milestones.

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