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Stock impact report

Invitae To Acquire Clear Genetics For Genetic Chatbot Tech [Seeking Alpha]

Invitae Corporation (NVTA) 
Last invitae corporation earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Invitae To Acquire Clear Genetics For Genetic Chatbot Tech Summary Invitae said it will acquire Clear Genetics for $50 million in cash and stock. Clear Genetics has developed an AI-assisted chatbot to help patients and clinicians obtain information about genetic results and treatment options. With the deal, NVTA is gaining another piece in its effort to become an integrated provider of genetic and treatment information. Quick Take Invitae ( agreed to acquire Clear Genetics has developed a healthcare chatbot system that provides genetic testing information to patients and counselors. With the deal, NVTA is continuing to acquire complementary technologies in its quest to become an integrated provider of genetic information to patients and clinicians. However, short interest in the stock is significant and I suspect management will need to make a significant move toward profitability in the near future to avoid continued softness in the stock price. Target Company San Francisco-based Cle Show less Read more
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