Agilent Technologies Inc. - A STOCK NEWS

Agilent Technologies, Inc. (NYSE: A) has successfully acquired Resolution Bioscience, enhancing its capabilities in next-generation sequencing (NGS)-based cancer diagnostics. This acquisition expands Agilent's precision oncology solutions, particularly in liquid biopsy-based diagnostics, positioning the company to meet growing market demands. Agilent's CEO, Mike McMullen, emphasized the strategic importance of this addition, which aims to broaden access to NGS-based testing globally. The deal potentially boosts growth in Agilent's diagnostics and genomics sectors.

Agilent Technologies (NYSE: A) awarded Octagon Therapeutics a Golden Ticket during a virtual event on March 24, enabling one scientist's lab bench space for a year at LabCentral. The competition featured three semi-finalists, and Octagon was chosen based on its innovative research approach to autoimmune diseases. Darlene Solomon of Agilent expressed enthusiasm for Octagon's potential, while Isaac Stoner of Octagon highlighted the critical role of Agilent's resources in developing new treatments. Agilent, a leader in life sciences and diagnostics, reported revenue of $5.34 billion in fiscal year 2020.

Agilent Technologies, Inc. (NYSE: A) has declared a quarterly dividend of 19.4 cents per share to be paid on April 28, 2021. This payment will be distributed to shareholders of record as of April 6, 2021. The company generated $5.34 billion in revenue for fiscal year 2020, demonstrating a solid financial backdrop. Future dividend amounts are contingent on the approval from Agilent’s board of directors.

Agilent Technologies (NYSE: A) has launched the Agilent 8697 Headspace Sampler, the first sampler with integrated gas chromatography communication. This innovation enhances instrument intelligence, allowing for improved diagnostics and troubleshooting. Key features include a microchannel-based EPC module for precision, removable sample racks for operational flexibility, and comprehensive connectivity through the GC touch screen. Agilent, a leader in life sciences and diagnostics, generated $5.34 billion in revenue in fiscal 2020.

Agilent Technologies Inc. (NYSE: A) announced the appointment of Dr. Katharine Knobil as its first Chief Medical Officer (CMO). This newly created role aims to enhance Agilent's presence in the health-care sector and drive innovation in precision medicine. Dr. Knobil brings over 20 years of global experience in clinical development, having previously served as CMO at Kaleido Biosciences and held leadership positions at GlaxoSmithKline. She will report directly to CEO Mike McMullen and is set to start in April.

Agilent Technologies (NYSE: A) has launched a real-time reverse transcription PCR-based diagnostic kit for SARS-CoV-2 RNA detection, receiving the CE-IVD mark as per EU regulations. This kit allows for high-throughput testing with reduced manual handling and human error risk. It is compatible with various RNA extraction products and PCR systems, expediting laboratory operations. The kit supports pandemic control efforts alongside Agilent's recent SARS-CoV-2 IgG ELISA kit, enhancing its diagnostics offerings.

Agilent Technologies (NYSE: A) has priced its public offering of senior notes totaling $850 million. These notes, maturing in March 2031, will carry an interest rate of 2.300%. The offering is projected to close on March 12, 2021, pending customary closing conditions. Estimated net proceeds of about $841.1 million will be used to redeem existing 3.20% senior notes due in 2022, reduce borrowings, and for general corporate purposes. Barclays, Citigroup, and J.P. Morgan are managing the offering.

Agilent Technologies Inc. (NYSE:A) has announced an offering of senior notes under an automatic shelf registration statement, subject to market conditions. The net proceeds will be used to redeem its 3.20% senior notes due in 2022, reduce borrowings under its commercial paper program, and for general corporate purposes. The final terms, including interest rates and maturity, will be determined at the time of pricing. Barclays Capital, Citigroup, and J.P. Morgan are the joint book-running managers for this offering.

Agilent Technologies Inc. (NYSE: A) has announced its definitive agreement to acquire Resolution Bioscience Inc. for $550 million in cash, with an additional $145 million based on performance milestones. This acquisition enhances Agilent’s capabilities in next-generation sequencing (NGS)-based precision oncology solutions, aiming to expand access to cancer diagnostics. Resolution Bioscience, known for its noninvasive liquid biopsy assay and FDA-designated HRD assay, reported revenues of approximately $35 million in 2020 and is projected to earn $50-55 million this year. The deal is expected to close in April.