Integrated DNA Technologies Acquires Swift Biosciences

Danaher acquired Coralville, Iowa-based IDT in 2018 for an estimated $1.9 billion, but said it would operate it as a standalone company. Skiptomaincontent IntegratedDNATechnologiesAcquiresSwiftBiosciences Mar11,2021 | staffreporter Saveforlater NEWYORK–DanahersubsidiaryIntegratedDNATechnologies(IDT)saidonThursdaythatithasacquirednext-generationsequencinglibrarypreparationfirmSwiftBiosciences. SwiftemployeesandproductswilltransitionintoIDTwhilecontinuingtooperatefromSwift'sexistingfacilitiesinAnnArbor,Michigan.Financialandothertermsofthedealwerenotdisclosed. Swift's"broadportfoliooflibrarypreparationandenrichmentproductsarehighlycomplementarytoIDT'sexistingNGSproductline,givingusanincreasedabilitytoprovidegold-standardofferingstoresearchersandtobewellpositionedforfuturegrowth,"IDTPresidentTreyMartinsaidinastatement." "SinceenteringtheNGSmarketin2013,Swift'smissionhasbeentoprovideresearchtoolsforlong-termimprovementsinthehealthofindividualsandtheircommunitiesallaroundtheworld,"SwiftCEOandPresidentNathanWoodaddedinastatement."IDThasthecommercialengine,operationaltools,andresourcestocatalyzetheseefforts." DanaheracquiredCoralville,Iowa-basedIDTin2018foranestimated$1.9billion,butsaiditwouldoperateitasastandalonecompany.RevenuesforIDTgrewinthedoubledigitsinQ42020. IDT'slastmergersandacquisitions-relatedactivitywasin2017,whenitboughttheoligomanufacturingbusinessfromAustralia'sGeneWorks.ItalsoboughtoligosynthesisfirmValueGenein2016. Filedunder BusinessNews PCR Sequencing SamplePrep mergers&acquisitions NorthAmerica libraryprep Danaher IDT SwiftBiosciences Breaking News Tech-BoostedGenomeAssemblyHelpsResolveCloselyRelatedMicrobesinMetagenomicSample GWIndexRises3PercentinDecember PersonalisSignsDealWithBTIGfor$100MAt-MarketStockOffering TopFiveArticlesonGenomeWebLastWeek:BaylorGenetics,FDA,TideLabs,andMore MissionBio,SequMedInkCollaboration,ClinicalAssayCodevelopmentAgreementforChina Top10ArticlesonGenomeWebin2021 The Scan RapidlySpreadingYetLessDamaging Thoughomicroncarriesalargenumberofmutationsthathasenhanceditsinfectivity,itappearstobe lesslikelytodamagethelungscomparedwithothervariants. MysteryIllnessContinuesinCanada Theillness,whichcancauseseriouscognitiveandphysicalproblems,hasbeenunderinvestigationsinceearlylastyear. PLOSPapersDescribeHostFactorsNeededforCoronavirusReplication,PathwaysInfluencingRSVSeverity,More InPLOSthisweek:CRISPRscreensuncoverhostfactorsneededforcoronavirusreplication,immunesignalingpathwayslinkedtoRSVseverity,andmore. DebbieNickersonDies DebbieNickerson,aleaderofhumangenomesequencinganditsapplicationinprecisionmedicine,hasdiedattheageof67,accordingtotheUniversityofWashington. What'sPopular? PersonalisSignsDealWithBTIGfor$100MAt-MarketStockOffering ProteomicsGoesPublicin2021 Premium Tech-BoostedGenomeAssemblyHelpsResolveCloselyRelatedMicrobesinMetagenomicSample Top10ArticlesonGenomeWebin2021 TopFiveArticlesonGenomeWebLastWeek:BaylorGenetics,FDA,TideLabs,andMore