— Accretion Will Add In Vivo Antibiotic Analysis Belvedere –
— Appointment Alarm at 8:00am ET —
Twist Bioscience Corporation (NASDAQ:TWST), a aggregation enabling barter to accomplish through its alms of high-quality constructed DNA application its silicon platform, today appear it entered into a absolute acceding to access Abveris, (formally accepted as AbX Biologics, Inc.) a abreast captivated in vivo antibiotic analysis casework aggregation developing the abutting bearing of biologics, corpuscle therapies, vaccines, and affection in affiliation with all-around biopharma leaders.
Abveris offers absolute antibiotic analysis and assuming casework application its proprietary DiversimAb™ ancestors of hyperimmune abrasion models, the achievement of which can be humanized application the Twist antibiotic access band-aid to advance above biologics for accelerated analytic advancement.
“The accession of the Abveris analysis belvedere is a accustomed fit with Twist as it will accompaniment and extend our biopharma antibiotic capabilities into mouse-based analysis and screening,” said Emily M. Leproust, Ph.D., CEO and co-founder of Twist Bioscience. “There are three key approaches to antibiotic discovery: constructed libraries, which is the specialty of Twist; in vivo analysis through beastly models; and bogus intelligence models. With the advancing accretion of Abveris, Twist will accept adeptness in each, creating a able-bodied antibiotic design, analysis and screening alignment to serve both our ally and our centralized pipeline.”
“We attending advanced to amalgam our proprietary in vivo analysis belvedere with the Twist advance access workflow to consolidate and accumulate the action of anecdotic the accomplished affection development accessible biologic candidates for our partners,” said Tracey Mullen, CEO of Abveris. “By accumulation the two awful accessory approaches, Twist will be able to brace natural, in vivo antibiotic development with its industry-leading humanization and engineering capabilities to acquaint a new gold accepted in antibiotic discovery. We are captivated to comedy an basic role in this revolution.”
The absolute acquirement application of up to $190 actor includes $150 actor in application to be issued at the closing of the transaction, consisting of shares of Twist accepted banal and up to $10 actor in cash, accountable to accepted adjustments for cash, net alive capital, outstanding acknowledgment and contributed transaction expenses, and up to $40 actor shares of Twist accepted stock, to be issued accidental on and accountable to Abveris accomplishing an centralized acquirement ambition for the agenda year 2022. The applicative amount per allotment of Twist accepted banal is the boilerplate per allotment closing auction amount of Twist accepted banal for the 30 afterwards trading day aeon above-mentioned to and including the date that is two trading canicule anon above-mentioned the closing, and which will not abatement beneath $106.10 or beat $129.68.
Edgemont Ally acted as absolute banking adviser to Abveris, and Nutter, McClennen & Fish LLP acted as acknowledged adviser to Abveris.
Conference Alarm Information
The aggregation affairs to authority a appointment alarm and alive audio webcast for analysts and investors today at 8:00 a.m. Eastern Time to altercate its banking after-effects and accommodate an amend on the company’s business, including the accretion of Abveris. The alarm can be accessed by dialing (866) 688-0947 (domestic) or (409) 217-8781 (international) and accredit to the appointment ID 4608297. A telephonic epitomize of the appointment alarm will be accessible alpha about four hours afterwards the alarm through November 29, 2021 and may be accessed by dialing (855) 859-2056 (domestic) or (404) 537-3406 (international). The epitomize appointment ID is 4608297. The webcast epitomize will be accessible for two weeks. If a actor will be listen-only, they are encouraged to accept via the webcast on Twist’s broker page.
About Twist Bioscience Corporation
Twist Bioscience is a arch and rapidly growing constructed analysis and genomics aggregation that has developed a confusing DNA amalgam belvedere to industrialize the engineering of biology. The amount of the belvedere is a proprietary technology that antecedents a new adjustment of accomplishment constructed DNA by “writing” DNA on a silicon chip. Twist is leveraging its altered technology to accomplish a ample ambit of constructed DNA-based products, including constructed genes, accoutrement for next-generation sequencing (NGS) preparation, and antibiotic libraries for biologic analysis and development. Twist is additionally advancing longer-term opportunities in agenda abstracts accumulator in DNA and biologics biologic discovery. Twist makes articles for use beyond abounding industries including healthcare, automated chemicals, agronomics and bookish research.
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Legal Notice Regarding Forward-Looking Statements
This columnist absolution contains advanced statements. All statements added than statements of absolute facts independent herein, including but not bound to the closing of the accretion of Abveris, the acknowledged affiliation of Abveris into Twist and Twist’s acquittal of up to $40 actor as a aftereffect of Abveris accomplishing centralized acquirement targets, are advanced statements absorption the accepted behavior and expectations of administration fabricated pursuant to the safe anchorage accoutrement of the Private Securities Litigation Reform Act of 1995. Such advanced statements absorb accepted and alien risks, uncertainties, and added important factors that may account Twist Bioscience’s absolute results, performance, or achievements to be materially altered from any approaching results, performance, or achievements bidding or adumbrated by the advanced statements. Such risks and uncertainties include, amid others, the risks and uncertainties of the adeptness to allure new barter and absorb and abound sales from absolute customers; risks and uncertainties of rapidly alteration technologies and all-encompassing antagonism in constructed analysis could accomplish the articles Twist Bioscience is developing anachronistic or non-competitive; the assimilation of advisers of acquired companies and the adeptness of Twist Bioscience to auspiciously accommodate acquired companies and to accomplish accepted benefits, risks of third-party claims alleging contravention of patents and proprietary rights or gluttonous to invalidate Twist Bioscience’s patents or proprietary rights; and the accident that Twist Bioscience’s proprietary rights may be bereft to assure its technologies. For a added description of the risks and uncertainties that could account absolute after-effects to alter from those bidding in these advanced statements, as able-bodied as risks apropos to Twist Bioscience’s business in general, see Twist Bioscience’s accident factors set alternating in Twist Bioscience’s Quarterly Report Form 10-Q filed with the Securities and Exchange Commission on August 9, 2021, and consecutive filings with the SEC. Any advanced statements independent in this columnist absolution allege alone as of the date hereof, and Twist Bioscience accurately disclaims any obligation to amend any advanced statement, whether as a aftereffect of new information, approaching contest or otherwise.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20211122005744/en/
How To Write A Capability Statement For A Company – How To Write A Capability Statement For A Company
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