Thursday September 6, 2018 0 comments
BOULDER -- Inscripta, a leading gene-editing technology company, today announced the strategic acquisition of Solana Biosciences, a life sciences company founded by Illumina (NASDAQ: ILMN) veterans.
Through the acquisition, Inscripta and Solana said they have joined forces to accelerate the commercialization of Inscripta's suite of gene-editing technology tools.
Financial details of the acquisition were not disclosed.
Inscripta said its acquisition of Solana assembles an elite, life-sciences product development and manufacturing pipeline for precision gene editing.
Inscripta said it is advancing genomic research by providing a full suite of CRISPR-based genome-editing and tracking technologies to researchers, allowing genome editing of living cells to be simple, efficient, and robust.
The company has also developed a unique family of CRISPR enzymes (MADzymes) and is creating additional enzymes, reagents, instruments, and software with improved capabilities for multiple genome-editing applications.
"Inscripta is building the tools to take on the next frontier of gene-editing discoveries,” said Kevin Ness, Inscripta CEO.
“The addition of the Solana team brings world-class scientific product development, manufacturing, and operations experience to further enable Inscripta to provide the best gene-editing tools to both commercial and academic researchers.”
Solana Biosciences was founded in 2017 by a team of former Illumina employees that has guided the launch and production of hundreds of products -- including market-leading DNA sequencing solutions.
During their time at Illumina, Solana's founders and team members successfully built adaptable and scalable manufacturing operations, enabling the rapid growth of innovative products that today represent billions of dollars in annual revenue.
"Solana is passionate about creating and introducing innovative tools to the life sciences industry,” said Tom Rosso, Solana Biosciences co-founder and former VP of operations at Illumina.
“We are excited to join a team of top scientists and developers at Inscripta to further empower researchers in the emerging gene-editing field. Together, our team will design, build, and commercialize a new suite of tools that will revolutionize life sciences."
Following the acquisition, Rosso will become VP of operations at Inscripta and will lead the process development, technology transfer, manufacturing, and operations teams at the company.
In addition, Inscripta said it will expand operations and obtain a new office in the life sciences hub of San Diego.
"From my days at Illumina, I know the people behind Solana, and I can say that they will bring unparalleled expertise and experience to Inscripta, helping the company grow, diversify, and scale its operations to meet the rapidly advancing needs of the gene-editing industry," said John Stuelpnagel, chairman of Inscripta's board of directors and co-founder and first CEO of Illumina.
"With the addition of Solana's talent and capabilities, I am confident that Inscripta will fundamentally transform genome writing, just as Illumina did for genome reading."