Concepta PLC - fertility tracking firm based in Cardiff - Acquires home-use genetic testing company Genome Store Ltd for GBP280,000 initial consideration and a deferred consideration of up to GBP240,000.
Says Genome Store runs a home testing service which will be rebranded under Concepta ownership. Adds a portfolio of tests scheduled to launch in the fourth quarter of 2020 as well as a pipeline of further tests to be commercialised from the first quarter of 2021 will be launched under a new brand.
Genome Store co-founders Bhavika Patel, Greg Fitzgibbon, Jane Kelly and Paul Docherty will join Concepta's scientific advisory board. From its incorporation in November 2019 until October 25, 2020, Genome Store posted pretax loss of GBP2,954 on revenue of GBP1,356.
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By Ife Taiwo; ifetaiwo@alliancenews.com
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