We believe that The Mesa Way approach to continuous improvement will help the Agena team to continue to rapidly scale both commercially and operationally,” said Gary Owens, President and Chief Executive Officer of Mesa.

These benefits strongly address the needs of clinicians to apply patient specific genomic information to make personalized treatment and monitoring decisions. Their MassArray system is a proven platform which integrates the best of mass spectroscopy and multiplex PCR providing a unique combination of sensitivity, cost effectiveness, fast turnaround time, ease of use, and flexibility. “Agena brings an innovative approach to the challenges of clinical genomics. The COVID-19 revenues are expected to tail off significantly after that time. Additionally, Agena is also expected to deliver an additional $3 million to $5 million of COVID-19 related revenues during the first year of ownership at approximately the same gross profit percentages stated above. Additionally, excluding the impact of COVID-19 related revenues, purchase accounting and integration expenses, we expect adjusted operating income 1 as a percentage of revenues to approach 20% for the same first 12 months of ownership. Excluding the impact of COVID-19 related revenues, Agena is expected to add between $63 million to $67 million of revenues during the first 12 months of ownership (of which approximately 65% is expected to be recurring in nature), deliver high single digit organic revenues growth over the next several years and excluding the impact of purchase accounting, generate gross profit percentages in the mid to high 60’s. The transaction is expected to be completed in Mesa’s third fiscal quarter ending December 31, 2021, and is subject to customary conditions, including receipt of applicable regulatory approvals.Īgena is headquartered in San Diego, California and is a leading molecular diagnostics tools company that develops, manufactures, and supplies highly sensitive, low-cost, high-throughput, genetic analysis solutions to clinical labs and development partners globally. Mesa expects to finance the all-cash transaction with a combination of cash on hand and proceeds from our credit facility.

(“Agena”) for a cash purchase price of $300 million, subject to customary purchase price adjustments. (NASDAQ:MLAB) (“we”, “us”, “our”, “Mesa” or the “Company”), a global leader in the design and manufacturing of critical quality control solutions for the pharmaceutical, healthcare, and medical device industries, announced today that it has entered into a definitive agreement to acquire Agena Bioscience, Inc. 14, 2021 (GLOBE NEWSWIRE) - Mesa Laboratories, Inc.

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