Ginkgo Bioworks Acquired Patch Biosciences, Which Has Built An AI Platform For Sequence Design; Deal Terms Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ginkgo Bioworks has acquired Patch Biosciences, a company known for its AI platform for sequence design. The financial terms of the deal were not disclosed. Patch Biosciences had investment backing from notable firms including Andreessen Horowitz (a16z) Bio + Health, Casdin Capital, and S32.

February 28, 2024 | 12:23 pm
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Ginkgo Bioworks' acquisition of Patch Biosciences could enhance its capabilities in AI-driven sequence design, potentially leading to new product developments and collaborations.
The acquisition of Patch Biosciences by Ginkgo Bioworks is likely to be viewed positively by investors, as it enhances Ginkgo's technological capabilities and product offerings in the biotech space. The involvement of high-profile investors in Patch Biosciences, such as Andreessen Horowitz, could also add to the perceived value of this acquisition. However, without financial terms disclosed, the direct financial impact remains uncertain.
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