Standard BioTools Completes Sale of SomaLogic for $425 Million Amidst Financial Challenges.
ByAinvest
Saturday, Jan 31, 2026 7:11 am ET1min read
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Standard BioTools (LAB) has completed the sale of SomaLogic to Illumina for $425 million, strengthening its financial position for strategic mergers and acquisitions. However, the company faces significant financial challenges, including declining margins and revenue. Despite this, the sale provides financial flexibility, and Standard BioTools must address operational inefficiencies to improve its financial health and investor confidence.
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