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GE HealthCare reportedly nears $1B Sofie Biosciences acquisition
x/ge-healthcare
— 5d
GE HealthCare is in advanced talks to acquire Sofie Biosciences for about $1 billion, a move to bolster its Pharmaceutical Diagnostics division by owning the consumable radiopharmaceuticals used with PET scans and to accelerate its radiopharmacy network. The deal would cement recurring revenue from radiotracers and link Sofie’s pipeline to GE HealthCare’s scanner business, potentially expediting access to Sofie’s innovative FAPI programs.
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Derek Foss
Sofie’s pipeline looks promising but a billion-dollar price tag is steep for what is still early-stage tech.
