PLEASANTON, Calif., Aug. 28, 2018 /PRNewswire/ -- 10x Genomics, a leader in the genomics field, today announced its first acquisition with Epinomics, a pioneer in the growing epigenetics space. The acquisition will give 10x Genomics ATAC-seq technology and fundamental IP to accelerate discoveries and further research in epigenomics, paving the way for a new understanding of disease, diagnostics and therapeutics.
10x Genomics will immediately integrate Epinomics' proprietary epigenetic technology into its Chromium Single Cell ATAC Solution, which is expected to launch by the end of this year, offering researchers and pharmaceutical companies tools to better understand biological mechanisms. 10x Genomics builds tools and applications that leverage advances in sequencing along with innovations in hardware, chemistry and software.
The genomics market is seeing exponential growth and is estimated to be at approximately $24 billion by 2022. Today, 10x Genomics is the leader in single-cell and other emerging areas of genomic analysis enabling greater resolution to accelerate the understanding of new biology and disease. Its customers have already analyzed over 130 million single cells, broadly equivalent to sequencing 18,000 human genomes.
"Our goal is to accelerate science and enable our customers to see biology they could not see before," said Serge Saxonov, CEO and co-founder of 10x Genomics. "Today's acquisition gives us a strong team, IP and technology that has been enthusiastically validated by customers. It provides a foundation for powerful new products and positions us well to become the leader in epigenomics."
Epinomics was founded by the team that developed the ATAC-seq technology, a ground-breaking approach to measure and understand the epigenome. Its technology and analytics platform has been adopted by scientific institutions and commercial organizations. Epinomics' patent portfolio, which includes foundational issued IP relating to ATAC-seq, enhances and complements 10x Genomics' existing patent portfolio which covers high throughput single cell applications for ATAC-seq and other epigenetic applications. Epinomics is backed by leading venture capital firms including Lightspeed Venture Partners, Felicis Ventures, and Founders Fund.
"With Epinomics joining 10x Genomics, single cell epigenetics will now be available to a broader base of investigators across academic and commercial organizations," said Howard Chang, professor of Dermatology and Genetics at Stanford University School of Medicine, co-inventor of ATAC-seq and a scientific co-founder of Epinomics. "The innovations coming out of this acquisition will propel the genomics field forward."
"We are excited to be joining forces with 10x Genomics to transform research and advance healthcare by leveraging cutting-edge scientific technology and deep data analytics," added Fergus Chan, co-founder and CEO of Epinomics.
Chan and his co-founder, Paul Giresi, a co-inventor of the ATAC-seq technology, and the Epinomics team will join 10x Genomics immediately. The scientific co-founders, Chang and Will Greenleaf, assistant professor in Genetics at Stanford University School of Medicine and co-inventor of ATAC-seq, will join as scientific advisors to 10x Genomics. Both have done pioneering work in genetics including inventing new methods for epigenomic profiling, discovering new classes of genes, and have been published extensively.
About 10x Genomics
10x Genomics is a leading company in the field of genomics. The company was founded on the vision that this century will bring unprecedented advances in biomedicine to transform the way we understand and treat diseases leading to dramatic improvements in human health. 10x products enable the acceleration of genetic discoveries through unparalleled resolution leading to a new understanding of biology and diseases. The company's customers include leading biomedical research institutes, pharmaceutical companies and clinical centers. Founded in 2012, 10x Genomics is financed by marquee global investors including Venrock, Softbank, Foresite Capital, Fidelity, and Meritech Capital. For more information, visit www.10xgenomics.com.
Consort Partners for 10x Genomics
SOURCE 10x Genomics