Sweden-based biotech Genovis has announced the completion of a strategic investment in SEQURNA.
This strategic investment unlocks new product offerings for Genovis to both existing and new customers and further paves the way for the expansion into new application areas. Genovis will utilize its distribution network to market and sell SEQURNA’s RNase inhibitors alongside its own catalogue of innovative tools for the biopharmaceutical and research industries.
Genovis will now own 25% of SEQURNA. As part of the transaction, the parties have agreed to a call option with an end date on June 30, 2027, providing Genovis the right to acquire all shares of SEQURNA under certain terms and conditions. Genovis’ chief executive, Fredrik Olsson, will join SEQURNA’s board of directors. The full terms of the transactions are not disclosed.
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