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QIAGEN N.V. QGEN recently signed a definitive agreement to acquire Genoox, a provider of AI-powered software that enables clinical labs to scale and accelerate the processing of complex genetic tests.
The latest acquisition aims to bolster QIAGEN’s next-generation sequencing (NGS) portfolio.
Likely Trend of QGEN Stock Following the News
Following the announcement, shares of the company moved north 2.3% to $42.96 yesterday.
Over the past few quarters, the company has continuously integrated AI technology into the QDI portfolio. In 2024, QIAGEN introduced a new version of its clinical decision support software, QIAGEN Clinical Insight Interpret (QCI Interpret), to deliver significant performance and scalability enhancements for high-throughput, NGS labs transitioning to larger test panels and higher test volumes. The company also launched QCI Secondary Analysis — a cloud-based software-as-a-service (SaaS) solution that enables high-throughput secondary analysis for use with any clinical next-generation sequencing (NGS) data. Accordingly, we expect the latest acquisition of Genoox to bolster investor confidence and maintain an upward momentum in QGEN's share price in the upcoming days.
QIAGEN currently has a market capitalization of $9.28 billion. The company delivered an average earnings surprise of 4.93% for the trailing four quarters.
Financial Details of the Acquisition
QIAGEN acquired Genoox for $70 million in cash, and is eligible for additional milestone payments of up to $10 million. The acquisition is expected to generate approximately $5 million in sales for QIAGEN in 2025 and have a neutral impact on adjusted earnings per share (EPS).
Importance of QGEN’s Latest Acquisition
The acquisition adds Franklin — Genoox’s flagship cloud-based community platform — to the QIAGEN Digital Insights (QDI) portfolio. It further strengthens QIAGEN’s leadership in genetic interpretation for clinical genomics applications.
Franklin empowers labs to analyze next-generation sequencing (NGS) data from targeted gene panels to whole exome and genome sequencing (WES/WGS). It delivers real-time, AI-driven insights to support clinical decision-making. Franklin is currently used by over 4,000 healthcare organizations in more than 50 countries and has powered over 750,000 case interpretations to date.
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The acquisition paves the way to integrate QIAGEN’s genomic content into the Franklin platform. This includes the Human Gene Mutation Database, the Catalogue of Somatic Mutations in Cancer and the QIAGEN Knowledge Base, all of which power the company’s leading QCI Interpret and QCI Precision Insights solutions.