On May 19, InformedDNA announced that it entered into an agreement to acquire Coriell Life Sciences (CLS), based in Philadelphia, Pennsylvania. According to data captured in the LevinPro HC database, this transaction marks the 54th Biotechnology transaction of the year.
CLS is a biotechnology company that provides pharmacogenomic services and clinical decision support. The company delivers DNA testing benefits that empower the most precise medical care, improve population health and reduce healthcare costs.
InformedDNA is a leading applied genomics solutions company, helping harness the full power of precision medicine. The company is the preferred provider of genetic counseling services for Aetna®.
The addition of CLS services to InformedDNA’s genetic test interpretation and counseling capabilities dramatically expands patient, provider, and payor access to a broader range of genetic insights and enables more personalized, data-driven treatment and medication decisions for better outcomes and reduced healthcare costs. The financial terms were not disclosed.
