Veracyte Acquires Decipher Biosciences
February 3, 2021
Veracyte, Inc. has entered into a definitive agreement to acquire Decipher Biosciences, a commercial-stage precision oncology company focused on urologic cancers, for $600 million in total consideration ($250 million cash and up to $350 million in stock). The acquisition expands Veracyte’s genomic cancer diagnostics menu, adds Decipher’s commercial tests and data assets, and is expected to accelerate revenue growth and global market reach.
- Buyers
- Veracyte, Inc.
- Targets
- Decipher Biosciences, Inc.
- Sellers
- Decipher Biosciences security holders
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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