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Ambry Genetics Acquired By Konica Minolta

Aliso Viejo-based genetic testing company Ambry Genetics has successfully been acquired by Konica Minolta, in a deal worth $1 billion, Konica Minolta and the Innovation Network of Japan (INCJ) said on Thursday afternoon. The companies had announced the acquisition deal on July 6th. Ambry, which was founded in 1999, operates a genetic testing lab which provides offer hereditary cancer panels and clinical exome sequencing.