May 22, 2020 / 5:19 AM / 8 days ago

Roche buys U.S. gene sequencing tech company Stratos Genomics

ZURICH, May 22 (Reuters) - Pharmaceutical group Roche has acquired U.S.-based Stratos Genomics to further develop DNA-based sequencing for diagnostic use, it said on Friday.

"The acquisition provides Roche access to Stratos Genomics unique chemistry, Sequencing by Expansion," the Swiss drug maker said in a statement. "The Roche nanopore sequencer, once developed, will utilise a novel approach that combines electronic and biological components to sequence DNA for fast, flexible and cost-effective clinical diagnostic testing."

Financial details of the agreement were not disclosed. (Reporting by Brenna Hughes Neghaiwi; editing by Thomas Seythal)

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