SomaLogic, Standard BioTools to merge into $1B multi-omics tech provider

Proteomics biotech SomaLogic and biological research equipment company Standard BioTools are consolidating to become a multi-omics research tool provider. The all-stock merger is estimated to be worth over $1 billion.

The new company will distribute its multi-omics tech to around 50 countries and will have facilities in California, Colorado, Massachusetts, Canada and Singapore, the companies revealed Wednesday.

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