Standard BioTools (LAB) and SomaLogic (SLGC) to Combine in All-Stock Merger

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Go back to Standard BioTools (LAB) and SomaLogic (SLGC) to Combine in All-Stock Merger

Standard BioTools and SomaLogic to Combine in All-Stock Merger Creating a Diversified Leader in Life Sciences Tools

October 4, 2023 8:00 AM EDT

Activates Standard BioTools strategy to unlock value in underserved portion of $100 billion industry

Establishes leading platform of multi-omic technologies with the highest throughput and highest data quality to power clinical research insights

Expands commercial reach with substantial cross-selling opportunities and complementary offerings

Generates estimated $80 million of annual cost synergies by 2026 and enhanced combined path to profitability1

Estimated combined cash of over $500 million at close2 creates industry-leading balance sheet to fund growth initiatives

Standard BioTools increases... More