Welcome to our dedicated page for Somalogic news (Ticker: SLGC), a resource for investors and traders seeking the latest updates and insights on Somalogic stock.
SomaLogic, Inc. (Nasdaq: SLGC) delivers cutting-edge proteomics solutions to advance disease research and diagnostic capabilities. This dedicated news center provides stakeholders with timely updates on strategic developments, financial milestones, and technological breakthroughs shaping the future of healthcare innovation.
Investors and industry professionals will find authoritative coverage of SLGC's proposed merger with Standard BioTools, quarterly earnings reports, and collaborations driving precision medicine. Our repository includes verified press releases on platform enhancements, clinical study outcomes, and executive leadership decisions.
Key focus areas span oncology, metabolic disease research, and large-scale proteomic data applications. Bookmark this page for streamlined access to SomaLogic's latest regulatory filings, partnership announcements, and peer-reviewed scientific achievements. Visit regularly to stay informed about developments impacting the diagnostics and life sciences sectors.
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Madryn Asset Management, LP (Madryn) disclosed that SomaLogic, Inc. (SLGC) failed to engage with Labcorp, a leading strategic partner, before pursuing a merger with Standard BioTools. Madryn calls for a delay of the shareholder meeting due to concerns about maximizing value in the sale process.
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Madryn Asset Management, LP (Madryn) issues a letter to Institutional Shareholder Services, Inc. (ISS) expressing concerns about the proposed merger between SomaLogic, Inc. (SLGC) and Standard BioTools Inc. (LAB). The letter highlights that the merger consideration assigns no value or premium to SomaLogic's assets, representing a material discount to the company's cash. It also emphasizes that the combined entity's proforma capital structure and corporate governance would subordinate SomaLogic's existing shareholders to conflicted insiders, including hedge fund manager Eli Casdin. Madryn underscores SomaLogic's identified value catalysts and $450+ million in cash, mitigating the need for a conflict-ridden and rushed merger that harms the company's common shareholders.
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Tikvah Management, a significant shareholder of Somalogic (Nasdaq: SLGC), with voting rights for 5.9 million shares, intends to vote against the Company’s proposed merger with Standard BioTools Inc. (Nasdaq: LAB). Tikvah believes the proposed merger is not in the best interest of Somalogic shareholders, citing undervaluation of shares, inadequate merger process, and poor quality of Standard BioTool’s business and balance sheet.
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Madryn Asset Management, LP (Madryn) reiterates its view that there is a viable alternative to the proposed merger between SomaLogic, Inc. (SLGC) and Standard BioTools Inc. (LAB). They believe that SomaLogic's cash position and near-term commercial opportunities mitigate the need for the merger, and they urge shareholders to vote against it.
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SomaLogic, Inc. (Ticker: SLI) urges stockholders to vote 'FOR' the pending merger with Standard BioTools at the upcoming Special Meeting of Stockholders on January 4, 2024. Institutional Shareholder Services (ISS) has recommended the merger, citing the strategic rationale of combining two sub-scale companies to slow down cash burn and accelerate the path to profitability. The all-stock structure of the transaction provides shareholders with an opportunity to benefit from potential upside.
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Madryn Asset Management, LP (Nasdaq: SLGC) comments on troubling connections and ongoing business relationships among members of SomaLogic Transaction Committee and Eli Casdin and Casdin Capital in relation to the proposed merger with Standard BioTools Inc. The additional disclosures provided by SomaLogic late yesterday afternoon, after being sued by two separate shareholders, raise significant skepticism about the merger. The Company's Board of Directors was aware of the business relationships between members of the SomaLogic Board, Casdin Capital, and Eli Casdin, which were not considered to represent a conflict of interest with respect to the Proposed Merger.
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SomaLogic, Inc. (Nasdaq: SLGC) issues an open letter to stockholders highlighting the value maximizing merger with Standard BioTools (Nasdaq: LAB) on October 4, 2023. The merger aims to deliver compelling long-term upside, accelerate path to profitability, and maximize value for stockholders.
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Madryn Asset Management, LP (Madryn) urges SomaLogic Inc. (Nasdaq: SLGC) shareholders to vote 'AGAINST' the proposed merger with Standard BioTools Inc. (Nasdaq: LAB). Madryn holds approximately 4.2% of SomaLogic's outstanding common stock and has published a list of key questions shareholders should ask the Board of Directors regarding the Proposed Merger.
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SomaLogic, Inc. (Ticker: SLI) reports $22.0 million in revenue, reflecting 14% year-over-year growth, excluding NEB royalty revenue. Cash and investments exceed $450 million. Full year 2023 revenue guidance raised to $82-85 million. Management to host conference call at 4:30pm ET. SomaLogic, a leader in proteomics technology, shows solid execution and increasing commercial activity.
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SomaLogic Inc. has launched its high-plex proteomics platform, the SomaScan 11K Platform, which provides 11,000 total protein measurements. This is the largest proteomics offering on the market and is expected to enhance biomarker and drug target discovery. The platform offers a broader view of the human proteome, giving researchers more opportunities for unique biological discoveries. It maintains high accuracy with fewer, smaller samples, making it valuable for population studies with limited sample sizes.
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Somalogic, Inc.
Nasdaq:SLGC
SLGC Rankings
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396.23M
175.53M
2.16%
61.71%
3.79%
Health Information Services
Healthcare
United States
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