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VCs buy commercial lab business of Genoptix from Novartis

Executive Summary

Ampersand Capital and 1315 Capital have acquired Genoptix Inc. (clinical oncology diagnostics and informatics services) from Novartis AG for an undisclosed sum. The acquisition primarily includes Genoptix's commercial laboratory business; the firm's biopharma business was retained by Novartis and will operate as a new legal entity named Navigate Biopharma Services. Novartis originally purchased Genoptix for $440mm in 2011.
Deal Industry
  • Biotechnology
    • Pharmacogenetics-Pharmacogenomics
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
  • Laboratory Testing Services
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Buy-out

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