Abbott has announced a $21 billion deal to acquire Exact Sciences, which could accelerate early cancer detection, expand at-home testing, and reshape the diagnostics landscape globally.
Abbott announced on Nov. 20 that it has entered a definitive agreement to acquire Exact Sciences, a move that would expand its presence in the rapidly growing cancer diagnostics market and potentially reach millions more patients. The deal values Exact Sciences at around $21 billion, with shareholders set to receive $105 per share.
If approved, the acquisition would give Abbott control of one of the most influential diagnostics portfolios in the industry, including Cologuard, Oncotype DX, and a growing lineup of liquid biopsy technologies aimed at earlier cancer detection and more precise treatment guidance. The transaction positions Abbott as a key player in the $60 billion U.S. cancer screening and precision oncology market, one of the fastest-growing sectors in healthcare…