Avant Completes Acquisitions of Amarantus, Theranostics Health

One Bench at a Time

Avant Completes Acquisitions of Amarantus

and Theranostics Health

Avant Diagnostics announced today that it has completed its previously announced acquisitions of Amarantus Diagnostics and protein analysis services provider Theranostics Health.

In January, Scottsdale, Arizona-based Avant inked a deal to merge with Amarantus Diagnostics, a subsidiary of therapeutics developer Amarantus Bioscience. The arrangement joins Amarantus’ research-use-only assays for multiple sclerosis and Alzheimer’s disease with Avant’s upcoming microarray-based ovarian cancer diagnostic OvaDx.

Under the terms of that arrangement, Avant acquired all outstanding shares of Amarantus in exchange for 80 million shares of Avant stock, with additional shares to be issued upon certain undisclosed milestones.

Read the story at GenomeWeb

Upcoming Event

  • San Carlos Open House

    15:30-18:00
    11/01/2018
    Come to meet MBC BioLabs residents, tour our new space in San Carlos, and hear about our exciting plans for the future. There will be posters from our companies, a live band, and an opportunity to chat with our partners and staff. RSVP In just 4 years, we have helped 116 entrepreneurial teams create fast, focused and frugal biotech companies that have gone on to raise $2.4 billion and counting. With this new facility, we can empower more entrepreneurs with the space and resources they need to tackle world changing science. Come join us in celebrating our newest MBC Biolabs campus and welcome our residents and partners!

Address

953 Indiana St., San Francisco, CA 94107
Tel: (415)-347-8287
Map

Sign-Up for our Newsletter