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Number To Know…1 Billion

With a contribution from the Innovation Network Corporation of Japan, Konica Minolta – the Japanese conglomerate better known for its printers and copiers – agreed to pay $1bn for Ambry Genetics as the first part of planned precision medicine platform.

Number to Know

Konica Minolta Inc. and Innovation Network Corporation of Japan, a public-private investment company that invests in innovative businesses, will pay $800m for Aliso Viejo, Calif.-based Ambry Genetics, with another $200m due Ambry shareholders pending the achievement of certain metrics over the next two years, the companies announced July 6.

Konica Minolta will invest 60% and INCJ will account for the remaining 40%, making Ambry part of Konica Minolta Healthcare...

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