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    Standard BioTools Inc (LAB)

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    LAB is a life sciences company specializing in proteomics and genomics solutions. The company develops and sells innovative instruments, consumables, and assay services that enable researchers to analyze protein and gene expression. LAB's offerings include advanced technologies such as SomaScan® assay kits and mass cytometry instruments, supported by robust manufacturing and service capabilities.

    1. Proteomics - Provides tools and services for analyzing protein biomarkers, including SomaScan® assay kits and related consumables, which are widely used in research and diagnostics. This segment also includes assay services that generate data on protein biomarkers from customer samples.

    2. Genomics - Offers solutions for gene expression analysis, including instruments and consumables designed to support genomic research and diagnostics. This segment is undergoing reorganization to enhance its market positioning.

    3. Instrument Support Services - Delivers post-warranty service contracts, preventive maintenance, installation, and training for LAB's instruments, ensuring optimal performance and customer satisfaction.

    NamePositionExternal RolesShort Bio

    Michael Egholm

    ExecutiveBoard

    President, CEO, and Director

    Elected member of the Royal Danish Academy of Sciences and Letters

    Over 25 years of leadership experience in life sciences; named inventor of 40 U.S. patents; published over 100 research papers.

    Adam Taich

    Executive

    Chief Strategy Officer

    None mentioned

    Former Interim CEO of SomaLogic; instrumental in the merger between Standard BioTools and SomaLogic.

    Hanjoon Alex Kim

    Executive

    Chief Operating Officer

    None mentioned

    Former Chief Business Officer at Standard BioTools, LLC; held various roles at Milliken & Company and Danaher Corporation.

    Shane Bowen

    Executive

    Chief Technology Officer

    None mentioned

    No additional details available in the documents.

    Eli Casdin

    Board

    Director

    Chief Investment Officer of Casdin Capital; Board Member at GeneDx; Director on various academic and research boards

    Founder of Casdin Capital; extensive experience in life sciences investment and governance.

    Fenel M. Eloi

    Board

    Director

    Board Member at 908 Devices, MitoTherapeutix, Ultivue, Vaxess Technologies, VIC Technology Venture Development

    Extensive operational and financial leadership in life sciences; former CFO and COO at Cell Signaling Technology.

    Kathy Hibbs

    Board

    Director

    Board Member at SOPHiA GENETICS SA; Member of Fast Company Impact Council; Board Member at Cadex Genomics

    Over 20 years of expertise in clinical laboratory and medical device industries; former Chief Administrative Officer at 23andMe.

    Tom Carey

    Board

    Chairman of the Board

    Previously Chair of the Board of Vital Biosciences; served on the board of Exact Sciences

    Over 25 years of experience in executive search and consulting in life sciences; founded Perspective Group; held leadership roles at Russell Reynolds Associates and Spencer Stuart.

    Troy Cox

    Board

    Director

    Director of SOPHiA GENETICS SA, LetsGetChecked Inc., Zymeworks Inc., Biosplice Therapeutics; Director for Dream Foundation

    Former Executive Chair of SomaLogic; former CEO of Foundation Medicine; extensive operational and strategic experience in life sciences.

    1. Given the significant decline in instrument sales—25% in Q4 and 27% for the year—what specific strategies are you implementing to reverse this trend, and when do you anticipate a return to growth in this segment?
    2. With the additional $10 million in cost reductions primarily affecting R&D, how do you plan to sustain innovation and competitiveness without compromising your long-term product development pipeline?
    3. Despite guiding for a 3% revenue decline at the midpoint for 2025, you still aim for adjusted EBITDA breakeven in 2026; what factors give you confidence in achieving this target amid ongoing market uncertainties?
    4. You mentioned plans for 4 to 6 strategic acquisitions over the next two years; how do you intend to fund these acquisitions while managing cash burn and maintaining balance sheet strength?
    5. The Illumina partnership is projected as at least a $1 billion opportunity, yet you expect 2025 to be a transition year; can you provide more clarity on the ramp-up timeline and how this partnership will contribute to revenue growth given your current declining guidance?
    Program DetailsProgram 1
    Approval DateFebruary 6, 2024
    End Date/DurationMarch 1, 2026
    Total Additional Amount$50.0 million
    Remaining Authorization$14.0 million
    DetailsOffset dilution from equity issuances and preserve shareholder value.

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Considered a principal competitor in the genomics space.

    Identified as a principal competitor in the genomics space and also a leading supplier of reagents for real-time qPCR reactions.

    Listed as a principal competitor in the genomics space.

    Formerly known as Agena Bioscience, Inc., and identified as a principal competitor in the genomics space.

    Recognized as a principal competitor in Flow Cytometry.

    Identified as a principal competitor in Flow Cytometry.

    Listed as a principal competitor in Spatial Biology.

    NanoString Technologies, Inc.

    Recognized as a principal competitor in Spatial Biology.

    Identified as a principal competitor in Spatial Biology.

    Roche Diagnostics Corporation

    A leading supplier of reagents for real-time qPCR reactions and a direct competitor.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    SomaLogic, Inc.

    2024

    Standard BioTools acquired SomaLogic through a completed merger on January 5, 2024. The deal, based on an Agreement and Plan of Merger dated October 4, 2023, involved converting each share of SomaLogic common stock into 1.11 shares of Standard BioTools common stock (with cash for fractional shares), yielding a total purchase price of approximately $441.5 million and creating a combined company where SomaLogic shareholders hold about 57% ownership; the acquisition also added key financial assets, including approximately $565.5 million in cash and a pro forma revenue of $192.4 million, and was recognized as a business combination with a bargain purchase gain.

    No recent press releases or 8-K filings found for LAB.