Invitae Sells Reproductive Health Assets amid Liquidity Concerns

Medical genetics firm Invitae sold its reproductive health assets to Natera for up to $52.5 million, the companies have announced. Natera paid $10 million upfront. The agreement also includes up to $42.5 million in milestone payments and litigation credits. Invitae is selling the segment as it faces liquidity concerns. The sale is expected to reduce its operating expenses by $44 million, excluding one-time severance payments. TD Cowen analyst Dan Brennan expects the reproductive health assets to contribute about $103 million in total revenue in 2023, he wrote in a research note.

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Source: https://www.medtechdive.com/news/invitae-sell-reproductive-health-assets-natera/705163

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