Diagnostics and Tools May 2024

Crosstree BlueBooks provide an executive review of key health sciences transactions, financial movements, and public market activity. BlueBooks also offer a glimpse of how valuations are changing and how recent trends may affect future transactions.

Highlights from this edition:

• Invitae was acquired by Labcorp
• Quest Diagnostics announced its acquisition of PathAI
• Karius, Inc. closed a $100MM Series A Financing, led by General Catalyst Group Management, LLC, 5AM Venture Management, LLC, Seventure Partners, Khosla Ventures, LLC, Innovation Endeavors LLC, HBM Healthcare Investments (Cayman) Ltd., Gilde Healthcare Partners US Inc, SoftBank Group Corp., Investment Arm, Waycross Ventures, Blue Water Life Science Advisors, LP