Research Feed
Standard BioTools: Cash-Rich Shell Trading at Net Cash After $350M SomaLogic Sale
Standard BioTools (LAB) closed the sale of SomaLogic to Illumina on January 30, 2026, receiving $350M upfront cash plus earnout/royalty rights. The company now holds ~$550M cash ($1.43/share) against a market cap of $538M—trading essentially at net cash while retaining an $80M revenue operating busi
Standard BioTools Closes SomaLogic Sale, Creates $550M Cash Shell Trading at Net Cash
Standard BioTools completed the sale of its SomaLogic business to Illumina on January 30, 2026, receiving $350 million in upfront cash with up to $75 million in revenue-based earnouts through 2026. The transaction leaves the company with approximately $550 million in cash while retaining its mass cy