Tempus AI (TEM) Acquires Ambry Genetics in $600M Precision …

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Tempus AI (TEM) Acquires Ambry Genetics In $600M Precision …

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18 hours ago · Tempus AI acquired Ambry Genetics for $600 million, of which $375 million was …

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Tempus AI To Buy Genetic Testing Company For $600M - Yahoo …

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Nov 6, 2024 · Tempus AI to buy genetic testing company for $600M Ambry Genetics' Super …

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Tempus AI To Buy Ambry Genetics For $600M

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Nov 10, 2024 · Orange County’s third largest medical diagnostics and testing company is being …

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Tempus AI Acquires Ambry Genetics In $600M Strategic …

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3 days ago · Tempus AI (NASDAQ: TEM) has completed its acquisition of Ambry Genetics, a …

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Tempus To Acquire Ambry Genetics For $600M

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Nov 5, 2024 · Tempus today announced that it has entered into an agreement to acquire …

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Will Ambry Genetics Acquisition Drive Tempus AI's Prospects?

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Nov 25, 2024 · Shares of Tempus AI TEM gained 18.4% after it announced an agreement, on …

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Nov 5, 2024 · Acquisition of Ambry Genetics: $600 million total, $375 million in cash and $225 …

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Ambry Genetics Being Acquired By Tempus AI For $600M

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Nov 6, 2024 · Aliso Viejo-based Ambry Genetics Corp., Orange County’s third-largest medical …

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FAQs about Tempus AI (TEM) Acquires Ambry Genetics in $600M Precision … Coupon?

Did Tempus AI buy Ambry Genetics?

Tempus AI acquired Ambry Genetics for $600 million, of which $375 million was paid in cash, and worth $225 million in shares. Of the latter, $100 million will be subject to a one-year lock-up agreement following the transaction. ...

Will Tempus Ai be acquired?

We have entered into a definitive agreement to be acquired by Tempus AI, a company advancing precision medicine through the practical application of artificial intelligence in healthcare. We anticipate the acquisition to officially close in the first quarter of 2025 and look forward to empowering our shared goal of improving patient outcomes. ...

Will TEM's acquisition of Ambry Genetics help TEM move into new markets?

TEM's acquisition of Ambry Genetics, which recently closed, should improve TEM's products and enable it to move into new markets, TD Cowen believes. ...

Does Tempus own ambry?

In a letter to customers, Ambry CEO Tom Schoenherr said Ambry will operate as a wholly owned subsidiary of Tempus, retain employees and continue its full menu of testing services. Tempus will pay $600 million in total consideration for Ambry — $375 million in cash and $225 million in equity over the next year. ...

Does ambry fit into Tempus's strategic platform for Genomics?

A: Eric Lefkofsky, CEO, explained that Ambry fits well within Tempus's strategic platform for genomics, as they already offer hereditary testing. The acquisition allows Tempus to capture patients early and provide comprehensive profiling. Ambry's growth rate is accelerating, and they are gaining market share, indicating a stable hereditary market. ...

Why is ambry better than Tempus?

Lefkofsky said Ambry broadens Tempus’ testing portfolio, expands disease coverage and enhances the types of products it offers biotech and pharmaceutical firms. Another advantage is that Ambry’s primary call point is genetic counselors while Tempus primarily deals with oncologists. ...