Canopy Biosciences Acquires Core Diagnostics

December 4, 2019 — Canopy Biosciences, LLC announced today the acquisition of Core Diagnostics, a leading CLIA-certified provider of biomarker analysis services for biopharmaceutical researchers. With the acquisition of Core Diagnostics, Canopy Biosciences will be able to perform its multi-omic immune profiling services in the highly regulated CLIA environment.

In addition to NanoString transcriptional profiling, Core Diagnostics also offers histopathology services including immunohistochemistry (IHC) and fluorescent in situ hybridization (FISH). The acquisition of Core Diagnostics follows the acquisition of Zellkraftwerk, GmbH, which joined Canopy earlier this year. Both acquisitions were made possible by strategic growth investments from Ampersand Capital Partners.

Edward Weinstein, Ph.D., CEO and President of Canopy Biosciences commented, “By combining multi-omic technologies such as Chip Cytometry, NanoString, and RareSeq, we are building a unique and powerful platform for immune profiling of cells and tissues. Through the addition of Core Diagnostics, this innovative multi-omics platform will now be available to customers in the clinical space in addition to the preclinical and translational customers we already work with.”

K. Balachandran, CEO of Core Diagnostics said, “Core Diagnostics is excited to join Canopy Biosciences. Our customers have been asking us to add services to more comprehensively satisfy their outsourcing needs. In Canopy and Ampersand we have found the partners that will allow us to add to our capabilities and better serve our customers."

Frank Witney, Ph.D., Operating Partner at Ampersand and Chairman of Canopy added, “With the prior addition of Chip Cytometry to Canopy, we were able to add a technology that bolstered Canopy’s multi-omic approach to immune profiling. Now, through the addition of Core Diagnostics, we are able to bring this innovative platform to a CLIA-certified lab to serve customers in the clinical space.”