Exact Sciences and Genomic Health in a $2.8 billion deal

Exact Sciences is buying fellow cancer technologies firm Genomic Health in a $2.8 billion deal announced Monday.

If cleared by regulators, the combined company will employ roughly 1,000 people and is slated to have an R&D budget of about $200 million. The deal is expected to close by the end of 2019. 

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Source: medtechdive