Dec. 29 at 2:17 PM
$LAB
Standard BioTools is trading near cash value post-SomaScan sale, with Casdin Capital raising its stake to 25%.
LAB will receive
$350M upfront and up to
$75M in earnouts from Illumina for SomaScan, leaving
$550M in cash post-transaction.
Management projects Adj. EBITDA breakeven in 2026 after divestiture and a 20% workforce reduction