IGenomX's sequencing library maximizes lab capacity for numerous applications, including the microbiome, synthetic biology, agrigenomics, and population genetics. The acquisition expands Twist's next-generation sequencing capabilities into new markets, while also accelerating the conversion to genotyping by sequencing workflows.
The total purchase consideration was $35 million, including a $500,000 cash payment and $29.5 million in Twist stock. Additionally, it included a contingency payment of $5 million in Twist shares upon completion of meeting specific milestones.
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