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Stock impact report

GeneDx to enhance genomic medicine offerings with Fabric Genomics acquisition [Yahoo! Finance]

Opko Health, Inc. (OPK) 
Last opko health, inc. earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.opko.com
Company Research Source: Yahoo! Finance
According to the agreement, GeneDx is set to pay Fabric Genomics an aggregate of up to $33m in cash at the time of closure, with the total amount potentially reaching $51m on meeting specific milestones. Fabric Genomics' AI platform is said to have been instrumental in interpreting complex genetic disease cases, aiding in the diagnosis of patients across academic centres, research institutions, and health systems worldwide. Health systems will be able to leverage GeneDx's centralised laboratory or conduct sequencing on-site, gaining access to the company's data resources via Fabric Genomics' AI-driven interpretation platform. This approach aims to expedite the speed of diagnosing genetic conditions, benefiting individuals and minimising needless expenses for healthcare systems in the US and worldwide. The deal is expected to enhance GeneDx's market reach, introducing several scalable revenue streams. Fabric Genomics co-founder, president and CEO Martin Reese said: “Together Show less Read more
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