Standard BioTools Sells Mass Cytometry Unit for $5 Million Note and Nets $30 Million From Illumina
Standard BioTools announced two major transactions: a deal to sell its mass cytometry business to Multiplex Bio and a separate settlement with Illumina. The sale provides a $5 million promissory note at 6% interest maturing in five years, plus up to $5 million in contingent consideration, and may i…