About Invitae. Using advanced clinical sequencing, proprietary methods and information tailored to the individual, the Company's suite of offerings arms clinicians and patients with insightful and actionable information to promote successful pregnancies and help build healthy families. 3 Speen Street, Suite 300, Framingham, MA 01701. Good Start Genetics is dedicated to women's health and helping grow healthy families through its best-in-class genetics offerings. that the test has been authorized by your insurance provider. Jul 31, 2017: $24.3M: Good Start Genetics acquired by Invitae . “By acquiring Good Start and CombiMatrix, Invitae intends to create the industry’s first comprehensive genetic information platform providing high-quality, affordable genetic information coupled with world-class clinical expertise to inform healthcare decisions throughout every stage of an individual’s life,” said Invitae CEO Sean George, in a statement. All rights reserved. Good Start complements these offerings with world-class customer care and access to genetic counseling. This combination of CombiMatrix, a recognized leader in genetic testing for Miscarriage Analysis, with one of the fastest growing genetic information companies in Invitae provides a tremendous opportunity to accelerate the growth of both companies. San Francisco, CA, July 31, 2017 — Invitae Corporation (NYSE: NVTA), one of the fastest growing genetic information companies, today announced two acquisitions to establish a leading position in family health genetic information services. NOTE: Invitae and the Invitae logo are trademarks of Invitae Corporation. “We are excited to bring our world-class, proprietary approach to genetic testing for women who are pregnant or planning to become, pregnant to the Invitae platform,” said Jeffrey Luber, president and chief executive officer of Good Start. Under the definitive agreement, Invitae will acquire Good Start through the issuance of up to approximately 1.65 million shares of Invitae common stock (subject to a partial hold-back to cover indemnification liabilities), the payment of approximately $18.3 million in cash consideration to eliminate Good Start’s outstanding secured debt, and the payment or assumption of approximately $6.0 million in Good Start pre-closing and closing-related liabilities and obligations. The specifics of the warrant exchange offer have not yet been determined by Invitae. Invitae will acquire Good Start by ponying up about 1.65 million shares of its common stock, $1.83 million to strike Good Start’s outstanding debt and another $6 million for preclosing- and closing-related costs. Turnaround time. Invitae Corporation (NYSE: NVTA) is one of the fastest growing genetic information companies in the United States. "Good Start is an excellent strategic fit with Invitae," said Gary J. Kurtzman, MD, Managing Director at Safeguard and board member at Good Start. CombiMatrix’s services include advanced technologies, such as single nucleotide polymorphism chromosomal microarray analysis, next generation sequencing, and long-standing expertise handling a variety of technically challenging sample types. The Invitae PGT Patient Portal provides patients with easy, secure and convenient access to schedule genetic counseling, track order status, manage billing and … Invitae Acquiring Good Start Genetics and CombiMatrix, Adding Comprehensive Reproductive Health (Jul-2017) Source: www.prnewswire.com Wed, Aug 02, 2017 by Spoke Data Intelligence All other trademarks and service marks are the property of their respective owners. About Invitae. Invitae now bills itself as a company that provides genetic information through every stage of life. Should I tell my family about my results? Failure to provide all the requested information may prevent or delay Invitae from identifying the patient medical records and/or releasing the genetic carrier screening results. Invitae's goal is to aggregate the world's genetic tests into a single service with higher quality, faster turnaround time, and lower prices. Receive news and special offers, and participate in marketing research and other activities with Invitae. References to "base Invitae business" operating results and business measurements refer to Invitae third quarter 2017 results excluding any contribution from Good Start Genetics. Good Start Genetics Good Start Genetics is a molecular genetic information company that has designed a proprietary tech platform to harness the power of NGS. Information regarding the special interests of these directors and executive officers in the CombiMatrix Merger will be included in the proxy statement/prospectus referred to above. Good Start has succeeded in making these tests available at scale via a next generation sequencing (NGS) platform that simplifies workflow and lowers costs while preserving quality. “We are excited to be joining forces with Invitae. The definitive agreement contemplates an exchange offer for the outstanding CombiMatrix Series F warrants, in which Invitae would offer up to approximately $6.0 million in shares of Invitae, or approximately 0.63 million shares, and participation by holders of at least 90% of the Series F warrants is a condition to Invitae’s obligation to consummate the acquisition. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the potential benefits and synergies from the proposed acquisitions; statements relating to the structure, timing, stockholder approval and/or completion of the proposed mergers; Invitae’s intention to file with the SEC registration statements on Form S-4 for the CombiMatrix merger and the warrant exchange offer; Invitae’s intention to conduct the warrant exchange offer; the expected closing dates of the proposed transactions; Invitae’s future product offerings and growth potential; and Invitae’s business strategy, including its acquisition growth strategy, and its beliefs regarding the ways in which the proposed acquisitions will contribute to that strategy. Last year we provided genetic testing to more people than ever before, reduced our turnaround times, and expanded our test menu to over 1,100 genes. Invitae's mission is to bring comprehensive genetic information into mainstream medical practice to improve the quality of healthcare for billions of people. Invitae's genetic counselors are available by phone to answer questions. “We are eager to combine our complementary product portfolio, expertise and relationships to create the market leader in family health genetics.”. CombiMatrix specializes in pre-implantation genetic diagnostics and screening, prenatal diagnosis, miscarriage analysis and pediatric developmental disorders, offering DNA-based testing for the detection of genetic abnormalities beyond what can be identified through traditional methodologies. breast, ovarian, colorectal, or uterine cancer. ir@invitae.com About Good Start Genetics Good Start Genetics' suite of offerings arms clinicians and patients with insightful and actionable information to promote successful pregnancies and help build healthy families. Combined, Invitae and ArcherDX are expected to generate $316 million in annual revenue, with a 43% gross margin, 50% … Genetics information provider Invitae has agreed to acquire two companies. Invitae’s consolidated operating results below for the three months ended September 30, 2017 include the results of Good Start Genetics beginning on the acquisition date. July 31 (Reuters) - Safeguard Scientifics Inc * Safeguard Scientifics Inc says its partner company, Good Start Genetics, Inc., signed definitive agreement to be acquired by Invitae Corporation The target companies offer a range of prenatal and post-pregnancy genetic-based screening services for clinicians and their patients. These risks and uncertainties include, but are not limited to: risks and uncertainties associated with the parties’ ability to satisfy the conditions precedent to the consummation of the proposed transactions, including stockholder approval of and the ability to consummate the proposed CombiMatrix merger and the proposed Good Start merger, the ability of Invitae to conduct the warrant exchange offer, and the participation by CombiMatrix Series F warrant holders of the 90% minimum participation; the occurrence of any event that could give rise to the termination of the merger agreements; unanticipated difficulties or expenditures relating to the proposed transactions; legal proceedings that may be instituted against the parties following announcement of the proposed transactions; disruptions of current plans and operations caused by the announcement or pendency of the proposed transactions; the risk that expected benefits, synergies and growth prospects resulting from the proposed transactions may not be achieved in a timely manner, or at all; the risk the businesses of CombiMatrix and/or Good Start may not be successfully integrated with Invitae’s business following the respective closings; potential difficulties in employee retention as a result of the announcement and pendency of the proposed transactions; the reaction of customers and potential customers, payers, partners and competitors to the announcement of the proposed transactions; Invitae’s failure to manage growth effectively; Invitae’s ability to develop and commercialize new tests and expand into new markets; risks associated with Invitae’s limited experience with respect to acquisitions; and the other risks set forth in Invitae’s filings with the Securities and Exchange Commission, including the risks set forth in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2017. “Our companies share a belief in the power of genetic information to transform people’s lives and a common commitment to making that information affordable and available to all. Safeguard Scientifics, Inc. (NYSE:SFE) today announced that its partner company, Good Start Genetics, Inc., signed a definitive agreement to be acquired by San Francisco-based genetics information company, Invitae Corporation (NYSE:NVTA). CombiMatrix’s 2016 financial performance included $12.8 million in revenue, an increase of 28% over 2015. The Company’s product portfolio, including GeneVu, EmbryVu and VeriYou, encompasses a multifaceted approach to genetic testing, featuring solutions for both preimplantation and carrier screening, while offering comprehensive and flexible testing options helping a wider range of couples find their paths to pregnancy at significantly lower costs. Invitae Acquiring Good Start Genetics and CombiMatrix, Adding Comprehensive Reproductive Health Capabilities to Serve Every Stage of Life August 1, 2017 08:00 AM EDT Presenter: Invitae Sean George, Chief Executive Officer Acquiring Organization: Invitae Invitae is a medical genetics company. Clinical Medical Laboratory. Today, we are thrilled to bring the momentum we’ve built in IVF to Invitae. Good Start Genetics complements these offerings with world class customer care and genetic counseling to help families stay well-informed and be better prepared for tomorrow. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Good Start Genetics became part of Invitae in August 2017. But if less than 90% of CombiMatrix warrantholders participate in the exchange, Invitae would offer up to $15 million in shares. Invitae could acquire CombiMatrix either through a warrant exchange, where it will offer up to $6 million worth of its shares in exchange for CombiMatrix’s outstanding Seris F warrants. Please contact us for assistance. No offering of securities in connection with the CombiMatrix Merger shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Invitae has entered into a definitive agreement to acquire privately held Good Start Genetics, a molecular diagnostics company focused on preimplantation and carrier screening for inherited disorders. © 2021 Questex LLC. Address: 1 Main St Ste 500, Cambridge, MA 02142-1531. For more information, please visit www.combimatrix.com. 2016 was an exciting year for genetics, and an important one for Invitae. The two acquired firms — Good Start Genetics of Cambridge, Mass., and Irvine’s CombiMatrix — specialize in testing pregnant women and fetuses for … We’ve teamed up with one of our in-house experts to talk about the importance of screening for cystic fibrosis. Good Start and CombiMatrix’s tests will round out Invitae’s portfolio, which includes exome sequencing and genetic tests for conditions spanning cardiology, hematology, cancer and metabolic disorders. In the short video below, you’ll hear from Dana Neitzel, one of Invitae’s licensed genetic counselors (who was formerly at Good Start Genetics). Create an account today and get started. vary based upon your health plan design, deductible, co-insurance, and out-of-pocket limits. The proxy statement/prospectus and the offering documents and other relevant materials (when they become available), and any other documents filed by the Company or CombiMatrix with the SEC, may be obtained free of charge at the SEC web site at www.sec.gov. Under the definitive agreement, the consideration payable to the holders of currently outstanding shares of CombiMatrix common stock, as well as currently outstanding restricted stock units and in-the-money options, is $27 million in shares of Invitae common stock based upon the 30 trading day trailing average closing price immediately preceding the agreement date, or approximately 2.85 million shares, subject to adjustment based upon a net cash calculation for CombiMatrix at the time of the acquisition. Investors and security holders are urged to read the proxy statement/prospectus, the offering documents and the other relevant materials when they become available before making any voting or investment decision with respect to the CombiMatrix Merger or the Warrant Exchange Offer. Invitae Corporation (NYSE: NVTA) is one of the fastest growing genetic information companies in the United States. The transaction is expected to close in the first part of August 2017, subject to customary closing conditions. CombiMatrix is recognized as the leader in miscarriage analysis testing and offers DNA-based testing for the detection of genetic abnormalities beyond what can be identified through traditional methodologies for use in preimplantation genetic diagnostics, carrier screening, prenatal diagnosis, miscarriage analysis and the diagnosis of pediatric developmental disorders. As part of Invitae’s dedication to making high-quality genetic testing affordable and accessible, we also offer a patient pre-pay option of $250. Start an order How to place an order Request a kit Schedule a FedEx pickup ... Perspectives in Genetics ... As part of Invitae’s dedication to making high-quality genetic testing affordable and accessible, we also offer a patient pre-pay option of $250. “We believe the strength of our existing platform, strategic acquisitions like these and our network of partners will fuel continued growth and further establish Invitae as a leading genetic information service provider.”, Good Start Genetics: Genetic Information for Parents-to-Be. Invitae also has entered into a definitive agreement to acquire CombiMatrix (NASDAQ: CBMX), a company which specializes in prenatal diagnosis, miscarriage analysis and pediatric developmental disorders. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. Good Start Genetics is dedicated to women’s health and helping grow healthy families through its best-in-class genetics offerings. Learn if you are more likely to develop certain conditions so you can take steps to stay healthy. For more information, please visit www.goodstartgenetics.com. In the short video below, you’ll hear from Dana Neitzel, one of Invitae’s licensed genetic counselors (who was formerly at Good Start Genetics). accessible, we also offer a patient pre-pay option of $250. 347-204-4226, ✔ Invitae Good Start Genetics became part of Invitae in August 2017. Kate McNeil ir @ invitae.com 347-204-4226, ✔ Invitae ✗ not Invitae number of Good Start Genetics Inc. Invitae. 2013 – Mar 2016 2 years 5 months dedication to making high-quality genetic testing process, results and! Also … Good Start Genetics became part of Invitae’s dedication to making high-quality testing... And Newborns results, and - to exclude terms the date hereof and. Product rollout lost $ 0.23 to $ 9.28 on Monday after its product... Ir @ invitae.com 347-204-4226, ✔ Invitae ✗ not Invitae I had very... 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