QIAGEN announced on May 12, 2025, that it has signed a definitive agreement to acquire Genoox, a provider of AI-powered software. This acquisition is set to enhance QIAGEN's leading clinical genomics portfolio by enabling clinical labs to scale and accelerate the processing of complex genetic tests.
The acquisition is expected to be accretive to QIAGEN's adjusted earnings per share (EPS) in 2026. The deal is valued at $70 million, with an additional earn-out of up to $10 million in milestones, reflecting the strategic importance of Genoox's technology.
Genoox's Franklin cloud platform will integrate into QIAGEN Digital Insights, expanding QIAGEN's capabilities in scalable AI-based next-generation sequencing (NGS) interpretation. This move strengthens QIAGEN's position in bioinformatics, a key growth pillar, by leveraging AI to provide more efficient and accurate genomic insights for clinical applications.
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