Integrated DNA Technologies absorbs ArcherDX tech, Boulder facility in Invitae firesale
BOULDER — A little more than two years after California genetics-testing company Invitae Corp. (NYSE: NVTA) bought ArcherDX Inc., a Boulder developer of genetic assays for cancer patients, for $1.4 billion, some of the company’s technology and its local manufacturing, research and development facility has again changed hands — this time for roughly one-thirtieth the price.
Iowa-headquartered Integrated DNA Technologies Inc. completed a $48 million deal this week to absorb Archer’s trademarked next-generation sequencing research assays, also known as NGS or research-use only kitted solutions, and the company’s 55th Street operations.
IDT, which has facilities and people in California, Michigan, North Carolina,…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!