Guardant purchased all of the remaining shares of Guardant Health AMEA, Inc. held by SoftBank (SVF Excalibur (Cayman) Limited) and its affiliates, giving Guardant full control over its liquid-biopsy operations across the Asia, Middle East and Africa region. The AMEA entity, established in May 2018 as a joint venture between Guardant Health and the SoftBank Vision Fund, serves 41 countries across the region. The purchase price of $177.8 million was determined based on an independent third-party valuation, and the joint venture agreement was terminated concurrently with the closing.
- 01 More than half of the world's estimated new cancer cases come from Asia
- 02 the Middle East and Africa
- 03 and full ownership lets Guardant directly accelerate adoption of its blood-based cancer tests across the region
By acquiring the remaining shares of Guardant Health AMEA, we can focus on creating a unified and centralized global organization that delivers on our promise to help conquer cancer and improve patient outcomes. We believe our blood-based tests can play a significant role in helping address the growing cancer burden in the region, and we look forward to continuing to support patients facing cancer diagnoses as we expand our operations in these markets.