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Exact Sciences to close Baltimore office three years after $2.1B deal

January 31, 2024

Cancer diagnostics giant Exact Sciences will close down its Baltimore operations three years after acquiring a company heralded as one of the region’s biggest success stories. Thrive Earlier Detection spun out of Johns Hopkins in 2019 and raised around $369 million in venture capital before Exact Sciences acquired it in a deal worth up to $2.15 billion. The Wisconsin-based firm now plans to close down Thrive’s Baltimore office at 1812 Ashland Ave. by March 31, 2024 and lay off 50 people.

Article Source: Baltimore Business Journal

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