{"id":522053,"date":"2021-08-03T08:04:05","date_gmt":"2021-08-03T12:04:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/veracyte-completes-acquisition-of-haliodx\/"},"modified":"2021-08-03T08:04:05","modified_gmt":"2021-08-03T12:04:05","slug":"veracyte-completes-acquisition-of-haliodx","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/veracyte-completes-acquisition-of-haliodx\/","title":{"rendered":"Veracyte Completes Acquisition of HalioDx"},"content":{"rendered":"

<\/p>\n

Veracyte Completes Acquisition of HalioDx<\/b><\/p>\n

Fuels growth by enabling IVD test development and manufacturing for nCounter diagnostic platform<\/i><\/p>\n

Expands scientific capabilities into immuno-oncology and broadens diagnostics scope to 8 of the 10 top cancers by U.S. incidence<\/i><\/p>\n

SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE<\/a>)–Veracyte, Inc<\/a>. (Nasdaq: VCYT) today announced the company has completed its acquisition of HalioDx to solidify its reach into global markets while expanding its scientific capabilities and diagnostics scope into 8 of the 10 top cancers as defined by U.S. incidence.\n<\/p>\n

\n\u201cThis important acquisition is the culminating piece in a series of strategic initiatives and acquisitions that we believe will enable Veracyte to achieve our vision of improving outcomes for patients worldwide at every step of their journey,\u201d said Marc Stapley, Veracyte\u2019s chief executive officer. \u201cHalioDx\u2019s European manufacturing infrastructure and operations, along with the company\u2019s immuno-oncology capabilities and best-in-class diagnostic products, have the potential to fuel our growth in cancer diagnostics. We look forward to welcoming the talented HalioDx team to the Veracyte family and working together to build a leading global diagnostics company.\u201d\n<\/p>\n

\nBonnie Anderson, Veracyte\u2019s executive chairwoman, led the acquisition of HalioDx. She will also drive the ongoing integration, including the transition of manufacturing operations to France, maximizing the combined global potential of each company\u2019s cancer diagnostics technology platform and capabilities.\n<\/p>\n

Transaction Details
\n
<\/b>Under the terms of the transaction, Veracyte acquired HalioDx for \u20ac260 million, consisting of approximately \u20ac147 million in cash and \u20ac113 million in stock. HalioDx has become a wholly-owned subsidiary of Veracyte.\n<\/p>\n

About Veracyte
\n
<\/b>Veracyte (Nasdaq: VCYT) is a global genomic diagnostics company that improves patient care by providing answers to clinical questions, informing diagnosis and treatment decisions throughout the patient journey in cancer and other diseases. The company\u2019s growing menu of genomic tests leverage advances in genomic science and technology, enabling patients to avoid risky, costly diagnostic procedures and quicken time to appropriate treatment. The company\u2019s tests in lung cancer, prostate cancer, breast cancer, thyroid cancer, bladder cancer and idiopathic pulmonary fibrosis are available to patients, and its renal cancer and lymphoma subtyping tests are in development, the latter as a companion diagnostic. With Veracyte\u2019s exclusive global license to a best-in-class diagnostics instrument platform, the company is positioned to deliver its tests to patients worldwide. Veracyte is based in South San Francisco, California. For more information, please visit www.veracyte.com<\/a> and follow the company on Twitter (@veracyte).\n<\/p>\n

Cautionary Note Regarding Forward-Looking Statements
\n
<\/b>This press release contains forward-looking statements, including, but not limited to, our statements related to our plans, objectives, expectations (financial and otherwise) or intentions with respect to the acquisition of HalioDx; and statements related to the expected benefits of the proposed transaction, including but not limited to, Veracyte\u2019s ability to expand its revenue, global presence and leadership in cancer diagnosis, Veracyte tests\u2019 ability to improve clinical care and patient outcomes, and the expansion of Veracyte\u2019s test menu and total addressable market opportunity. Forward-looking statements can be identified by words such as: \u201cappears,\u201d “anticipate,” “intend,” “plan,” “expect,” “believe,” “should,” “may,” “will,” \u201cpositioned,\u201d \u201cdesigned\u201d and similar references to future periods. Actual results may differ materially from those projected or suggested in any forward-looking statements. These statements involve risks and uncertainties, which could cause actual results to differ materially from our predictions, and include, but are not limited to Veracyte\u2019s ability to successfully integrate the HalioDx business; the performance of Veracyte\u2019s tests in the clinical environment; the retention of HalioDx employees; and risks inherent in the achievement of anticipated synergies and the timing thereof. Additional factors that may impact these forward-looking statements can be found under the caption \u201cRisk Factors\u201d in our Annual Report on Form 10-K filed with the SEC on February 22, 2021, and in our Quarterly Report on Form 10-Q filed with the SEC on July 29, 2021. A copy of these documents can be found at the Investors section of our website at www.veracyte.com<\/a>. These forward-looking statements speak only as of the date hereof and, except as required by law, Veracyte specifically disclaims any obligation to update these forward-looking statements or reasons why actual results might differ, whether as a result of new information, future events or otherwise.\n<\/p>\n

\nVeracyte, the Veracyte logo, HalioDx, Decipher, Decipher GRID, Afirma, Percepta, Envisia, Prosigna, Lymphmark, \u201cKnow by Design\u201d and \u201cMore about You\u201d are registered trademarks of Veracyte, Inc. and its affiliates in the U.S. and selected countries. nCounter is the registered trademark of NanoString Technologies, Inc. in the U.S. and selected countries, and used by Veracyte under license. Immunoscore is the registered trademark of Inserm in the U.S. and selected countries, and is used by HalioDx under license.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210803005482\/en\/<\/a><\/span><\/p>\n

Investors:
\n<\/b>
Rebecca Chambers
\n
Chief Financial Officer
\n
Veracyte
\n
rebecca.chambers@veracyte.com
\n<\/a><\/p>\n

Media:
\n<\/b>
Michele Parisi
\n
For Veracyte
\n
925-864-5028 (m)
\n
mparisi@forwardhealthinc.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oncology Health Genetics General Health Research Science<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Veracyte Completes Acquisition of HalioDx Fuels growth by enabling IVD test development and manufacturing for nCounter diagnostic platform Expands scientific capabilities into immuno-oncology and broadens diagnostics scope to 8 of the 10 top cancers by U.S. incidence SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE)–Veracyte, Inc. (Nasdaq: VCYT) today announced the company has completed its acquisition of HalioDx to solidify its reach into global markets while expanding its scientific capabilities and diagnostics scope into 8 of the 10 top cancers as defined by U.S. incidence. \u201cThis important acquisition is the culminating piece in a series of strategic initiatives and acquisitions that we believe will enable Veracyte to achieve our vision of improving outcomes for patients worldwide at every step of their journey,\u201d said … <\/p>\n

Continue reading “Veracyte Completes Acquisition of HalioDx”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-522053","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVeracyte Completes Acquisition of HalioDx - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/veracyte-completes-acquisition-of-haliodx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Veracyte Completes Acquisition of HalioDx - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Veracyte Completes Acquisition of HalioDx Fuels growth by enabling IVD test development and manufacturing for nCounter diagnostic platform Expands scientific capabilities into immuno-oncology and broadens diagnostics scope to 8 of the 10 top cancers by U.S. incidence SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE)–Veracyte, Inc. (Nasdaq: VCYT) today announced the company has completed its acquisition of HalioDx to solidify its reach into global markets while expanding its scientific capabilities and diagnostics scope into 8 of the 10 top cancers as defined by U.S. incidence. \u201cThis important acquisition is the culminating piece in a series of strategic initiatives and acquisitions that we believe will enable Veracyte to achieve our vision of improving outcomes for patients worldwide at every step of their journey,\u201d said … Continue reading "Veracyte Completes Acquisition of HalioDx"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/veracyte-completes-acquisition-of-haliodx\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-03T12:04:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210803005482r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veracyte-completes-acquisition-of-haliodx\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veracyte-completes-acquisition-of-haliodx\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Veracyte Completes Acquisition of HalioDx\",\"datePublished\":\"2021-08-03T12:04:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veracyte-completes-acquisition-of-haliodx\\\/\"},\"wordCount\":833,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veracyte-completes-acquisition-of-haliodx\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210803005482r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veracyte-completes-acquisition-of-haliodx\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veracyte-completes-acquisition-of-haliodx\\\/\",\"name\":\"Veracyte Completes Acquisition of HalioDx - 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