SmarterAnalyst

Bionano Genomics to Acquire BioDiscovery for $100M; Shares Rise 4.9%

Shares of genome analysis company Bionano Genomics, Inc. (BNGO) jumped 4.9% on Tuesday and closed at $5.40 in extended trade after the company announced that it signed a definitive agreement to acquire BioDiscovery, Inc., a genomics data-focused software company, for $100 million. The consideration will be paid in a combination of equity and cash. Bionano Genomics’ position in the market, as one of the foremost players in digital cytogenetics and comprehensive genome analysis, is expected to fur

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