NeoGenomics Keeps Liquid Biopsy Consolidation Flowing with New M&A

NeoGenomics is set to acquire Inivata, a liquid biopsy specialist for $390 million.

Omar Ford

May 7, 2021

1 Min Read
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Consolidation in the liquid biopsy market is continuing with NeoGenomics plan to acquire Inviata for about $390 million.

The acquisition follows a $25 million minority equity investment by Cambridge, U.K.-based NeoGenomics in Inivata in May 2020. It was at this time NeoGenomics was granted a fixed price option to purchase the remainder of Research Triangle Park, N.C.-based Inivata for $390 million.

Inivata, with its leading liquid biopsy technology platform, will remain a separate business division alongside NeoGenomics’ growing clinical, pharma and informatics divisions. Current Inivata CEO Clive Morris will become the President of Inivata and will report to Mark Mallon, CEO of NeoGenomics.

“Joining the NeoGenomics Group provides Inivata with an excellent foundation to support our growth ambitions,” Morris said in a release. “Our two organizations have highly complementary capabilities, and we are excited to combine with NeoGenomics following a successful year of working together. By leveraging our combined resources, we expect to accelerate the development of our promising RaDaR minimal residual disease assay and bolster commercialization efforts with biopharma before driving a successful launch into the clinical setting.”

There have been some high-profile mergers and acquisitions in the liquid biopsy space lately, which includes Thrive Earlier Detection Group being acquired by Exact Sciences for $2.15 billion.

Illumina is in the process of acquiring Grail for $8 billion – but the deal stalled after it came under fire by the Federal Trade Commission and European Commission Directorate General.

About the Author

Omar Ford

Omar Ford is a veteran reporter in the field of medical technology and healthcare journalism. As Editor-in-Chief of MD+DI (Medical Device and Diagnostics Industry), a leading publication in the industry, Ford has established himself as an authoritative voice and a trusted source of information.

Ford, who has a bachelor's degree in print journalism from the University of South Carolina, has dedicated his career to reporting on the latest advancements and trends in the medical device and diagnostic sector.

During his tenure at MD+DI, Ford has covered a wide range of topics, including emerging medical technologies, regulatory developments, market trends, and the rise of artificial intelligence. He has interviewed influential leaders and key opinion leaders in the field, providing readers with valuable perspectives and expert analysis.

 

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