- Bloomberg reported that Guardant Health Inc GH is reportedly exploring an acquisition of NeoGenomics Inc NEO, citing people familiar with the matter.
- Related: Precision Oncology Sales Boost Guardant Health Q2 Topline, Backs FY21 Outlook, Management Updates.
- According to the sources, the companies have held discussions about a possible deal.
- Deliberations are ongoing, and there’s no certainty they’ll lead to an offer from Guardant, the people said.
- NeoGenomics offers diagnostic services to oncologists, pathologists, pharma companies, and academic centers to aid in treating cancers.
- Related: NeoGenomics Q2 Earnings Helped By Higher Test Volume; Backs FY21 Guidance.
- Price Action: NEO stock increased 2.11% at $49.26, while GH stock fell 13.1% at $118.67 during the market session on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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