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QIAGEN enhances leading clinical genomics portfolio with acquisition of Genoox AI-powered software

1. QIAGEN acquires Genoox for $70 million to enhance genomic testing capabilities. 2. Franklin platform offers AI-driven insights for faster clinical decision-making. 3. The acquisition aims to improve diagnostic efficiency and scalability for labs. 4. Genoox's software used by 4,000+ organizations, with 750,000 case interpretations. 5. Expected $5 million revenue in 2025 with neutral EPS impact.

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FAQ

Why Bullish?

The acquisition strengthens QGEN's market position, similar to past successful mergers.

How important is it?

The acquisition is strategically significant for QGEN's growth in the genomics field.

Why Long Term?

Integration of Genoox's technology will gradually enhance QGEN's services and revenue.

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VENLO, the Netherlands & TEL AVIV, Israel--(BUSINESS WIRE)--QIAGEN (NYSE: QGEN; Frankfurt Prime Standard: QIA) today announced it has signed a definitive agreement to acquire Genoox, a provider of AI-powered software that enables clinical labs to scale and accelerate the processing of complex genetic tests. The acquisition adds Franklin, Genoox’s flagship cloud-based community platform, to the QIAGEN Digital Insights (QDI) portfolio, strengthening QIAGEN’s leadership in genetic interpretation for clinical genomics applications. Franklin empowers labs to analyze next-generation sequencing (NGS) data – from targeted gene panels to whole exome and genome sequencing (WES/WGS) - and delivers real-time, AI-driven insights to support clinical decision-making. Applications range from diagnosing genetic disorders and informing cancer treatments to supporting family planning decisions. The platform is currently used by more than 4,000 healthcare organizations in over 50 countries and has powered more than 750,000 case interpretations to date. “The acquisition of Genoox brings together two complementary strengths to better serve clinical testing laboratories,” said Thierry Bernard, CEO of QIAGEN. “Franklin’s AI-powered solution offers exciting opportunities for labs to rapidly identify the most clinically relevant insights and help improve patient outcomes. Combined with QIAGEN’s trusted clinical knowledge and interpretation tools, the addition of Franklin to our portfolio will enable QIAGEN to better address the challenges of our customers who are seeking easy-to-use, rapid and scalable clinical decision-support solutions.” “Joining QIAGEN marks a major milestone in our mission to make genomic data more accessible and actionable,” said Amir Trabelsi, Co-founder and CEO of Genoox. “Franklin will benefit from QIAGEN’s global reach and scientific leadership as we scale to support more labs and patients around the world. As part of QIAGEN, we can together drive the next wave of precision medicine.” The acquisition also creates a path to integrate QIAGEN’s genomic content into the Franklin platform. This includes the Human Gene Mutation Database (HGMD), the Catalogue of Somatic Mutations in Cancer (COSMIC), and the QIAGEN Knowledge Base (QKB) – all of which power the company’s leading QCI Interpret and QCI Precision Insights solutions. These future integrations will expand Franklin’s interpretive power, and in turn improving diagnostic yield, turnaround time and scalability for clinical labs. Transaction summary QIAGEN has acquired Genoox for $70 million in cash and eligible for additional milestone payments of up to $10 million. The acquisition is expected to generate approximately $5 million of sales in 2025 for QIAGEN and have a neutral impact on adjusted EPS. About Genoox Founded in 2014 and headquartered in Tel Aviv, Israel, Genoox provides cloud-based tools for genomic data interpretation in clinical and research settings. Its Franklin platform supports real-time, evidence-based analysis of hereditary variants, helping clinicians, researchers, and genetic professionals make informed decisions. Franklin combines AI-driven interpretation with a global community network to improve access to actionable genetic insights. For more information, visit www.genoox.com. About QIAGEN QIAGEN N.V., a Netherlands-based holding company, is the leading global provider of Sample to Insight solutions, enabling customers to extract and gain valuable molecular insights from samples containing the building blocks of life. Our Sample technologies isolate and process DNA, RNA and proteins from blood, tissue and other materials. Assay technologies prepare these biomolecules for analysis while bioinformatics software and knowledge bases can be used to interpret data to find actionable insights. Automation solutions bring these processes together into seamless and cost-effective workflows. QIAGEN serves over 500,000 customers globally in Life Sciences (academia, pharma R&D and industrial applications, primarily forensics) and Molecular Diagnostics for clinical healthcare. As of March 31, 2025, QIAGEN employed approximately 5,700 people in over 35 locations worldwide. For more information, visit https://www.qiagen.com. Forward-Looking Statement Certain statements in this press release may constitute forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These statements, including those regarding QIAGEN's products, development timelines, marketing and / or regulatory approvals, financial and operational outlook, growth strategies, collaborations and operating results - such as expected adjusted net sales and adjusted diluted earnings - are based on current expectations and assumptions. However, they involve uncertainties and risks. These risks include, but are not limited to, challenges in managing growth and international operations (including the effects of currency fluctuations, regulatory processes and logistical dependencies), variability in operating results, commercial development for our products to customers in the Life Sciences and clinical healthcare, changes in relationships with customers, suppliers or strategic partners; competition and rapid technological advancements; fluctuating demand for QIAGEN's products due to factors such as economic conditions, customer budgets and funding cycles; obtaining and maintaining regulatory approvals for our products; difficulties in successfully adapting QIAGEN's products into integrated solutions and producing these products; and protecting product differentiation from competitors. Additional uncertainties may arise from market acceptance of new products, integration of acquisitions, governmental actions, global or regional economic developments, natural disasters, political or public health crises, and other "force majeure" events. There is also no guarantee that anticipated benefits from restructuring programs and acquisitions will materialize as expected. For a comprehensive overview of risks, please refer to the “Risk Factors” contained in our most recent Annual Report on Form 20-F and other reports filed with or furnished to the U.S. Securities and Exchange Commission. Source: QIAGEN N.V. Category: Bioinformatics

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