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Prenetics, a leader in genomic and diagnostic testing, is merging with Artisan Acquisition Corp. This transaction values Prenetics at an enterprise value of US$1.25 billion and a combined equity value of approximately US$1.7 billion. Prenetics aims to leverage Adrian Cheng's extensive network to enhance its growth strategy. The company expects total cash proceeds of up to US$459 million, supporting R&D and geographic expansion into the US and Southeast Asia. Projected revenues are set to grow to over US$600 million by 2025, highlighting its potential in the US$1.3 trillion healthcare market.
