GeneDx to acquire Fabric Genomics for up to $51M; expands AI genomic interpretation globally

GeneDx Holdings Corp.

GeneDx will pay $33M cash at closing for Fabric Genomics; total consideration up to $51M based on milestone achievements (2025/2026 revenue and margin targets).
Milestone payments of up to $10.5M and $7.5M can be in cash, stock (valued at $93.0318/sh), or combination.
Acquisition expected to close in Q2 2025; Fabric Genomics to operate independently post-close.
Deal enables decentralized sequencing with centralized AI interpretation, expanding NICU, newborn screening, and global markets.
GeneDx's dataset of 750K+ exomes/genomes combined with Fabric's AI platform creates barrier to entry and recurring revenue.

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