Konica Minolta Adds Ambry Genetics As First Piece Of Precision Medicine Business

The $1bn deal, partly funded by the public/private Innovation Network Corporation of Japan, will create new diagnostic technologies for oncology and drug discovery, and bring a comprehensive genetic-diagnostic portfolio to Japan, among other markets.

Konica Minolta Inc. has agreed to pay $1bn to acquire Ambry Genetics as the first part of a new precision medicine platform, the companies announced July 6.

“This acquisition is the first in a series of strategic initiatives to secure a leading position for Konica Minolta in precision medicine,”, Konica Minotla Minolta CEO Shoei Yamana said in...

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