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Roche Pays $425 Million for GeneWEAVE, a Decheng Portfolio Company

publication date: Aug 13, 2015
Roche will acquire GeneWEAVE BioSciences, a Los Gatos, CA diagnostics company, for $425 million. Roche will pay $190 million up front and up to $235 million in milestones. GeneWEAVE’s Smarticles technology develops innovative molecular diagnostics that identify multidrug-resistant organisms (MDROs) along with their susceptibility to specific antibiotics, without requiring additional enrichment. Decheng Capital, a Shanghai healthcare investment firm, is the lead investor and largest shareholder in GeneWEAVE. More details....

Stock Symbol: (SIX: RO, ROG)

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