Aditxt acquires Ignite Proteomics in deal valued at USD 36 million

Reuters03-13

Aditxt acquires Ignite Proteomics in deal valued at USD 36 million

Aditxt acquired Ignite Proteomics, a precision oncology company focused on therapy selection using a functional proteomics platform. The consideration included 36,000 shares of Aditxt Series A-2 convertible preferred stock with an aggregate stated value of USD 36 million. Ignite operates a CLIA-certified lab and has a Medicare PLA reimbursement pathway of about USD 2,200 per test. Ignite is expected to operate as a subsidiary within Aditxt’s oncology initiatives.

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