GSS: Genetic Signatures and Microba in Merger Discussions
Released
Released
Announcement PDF
Genetic Signatures Ltd ABN 30 095 913 205
7 Eliza Street, Newtown NSW 2042
Telephone + 61 (2) 9870 7580
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ASX Announcement 26 August 2026
MERGER DISCUSSIONS BETWEEN GENETIC SIGNATURES AND MICROBA
LIFE SCIENCES
• Genetic Signatures Limited (ASX: GSS) is in discussions with Microba Life Sciences Limited (ASX: MAP)
about combining the two businesses.
• Microba’s current product portfolio, which is focused on gastrointestinal (GI) diagnostics, is
complementary to GSS’ existing GI offering.
• A potential transaction would provide the combined group broader access to major pathology networks,
a differentiated infectious-disease offering and further establish GSS’ domestic and international footprint.
Genetic Signatures Limited (ASX: GSS) (GSS or the Company) is pleased to advise that following its previously
announced strategic review, which included actively pursuing opportunities to scale, it is in discussions with
Microba Life Sciences Limited (ASX: MAP) (Microba). The parties are assessing a potential merger to create a
leading, scalable ASX-listed infectious disease diagnostics group. The combined group would bolster GSS’ offering
to encompass the full continuum of diagnostic testing from rapid, first-line pathogen detection to microbiome
profiling.
While the structure and commercial aspects are still being considered, both the Microba and GSS Boards see
benefits in bringing the two businesses together and are aligned in realising value for their shareholders. On a pro
forma basis, the merged group would have FY2026 revenue of approximately A$29 million and combined cash
and term deposits of approximately A$30 million as at 30 June 2026.
Strategic Rationale
• A more sustainable financial and capital structure. The combined group would benefit from a
streamlined cost base and corporate structure with the potential to accelerate growth and pathway to
profitability;
• Broader global market access. Both parties have strong partnerships with pathology networks, including
GSS' laboratory and hospital customers across Australia, the UK and Europe, which give both product
ranges a materially wider route to market; and
• A differentiated infectious-disease offering. GSS' regulatory approved infectious disease panels for
rapid first-line detection combined with Microba's metagenomics profiling enables full-service microbiome
testing.
Commentary
Caroline Waldron, Chair of Genetic Signatures, said: “The proposed combined group offers synergies and the
opportunity to scale. As we progress discussions on the proposed transaction our focus will be on delivering value
to our shareholders.”
Pasquale Rombola, Chair of Microba, said: “A merger would create a leader in microbiome and infectious disease
diagnostics, with broader revenue and customer bases, and a materially stronger balance sheet to meet the
significant global opportunity facing the merged group. We look forward to continuing our work together with the
GSS team to assess and realise that opportunity.”
GSS is being advised by AE Advisors as corporate adviser and Gadens as legal adviser. Microba is being advised
by Latimer Partners as corporate adviser and Thomsons as legal adviser.
The discussions are presently at a preliminary stage and remain incomplete and no firm or binding decision has
been made to proceed with any merger and neither party is committed to proceeding. Any transaction will be
subject to further due diligence, the parties obtaining all required regulatory approvals, including any approvals
required by ASX. There is no certainty any terms of any transaction or offer will be agreed, nor as to the terms or
of such transaction or offer, if agreed. Nothing in this announcement shall be construed as indicating any terms of
such transaction or offer. A further announcement will be made as appropriate. This announcement does not
constitute a proposal to make a takeover bid under section 631 of the Corporations Act.
– END –
Announcement authorised by Genetic Signatures’ Board of Directors.
Genetic Signatures Ltd ABN 30 095 913 205
7 Eliza Street, Newtown NSW 2042
Telephone + 61 (2) 9870 7580
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For further information, see our website (www.geneticsignatures.com) or contact us:
Caroline Waldron
Chair, Genetic Signatures Limited
Caroline.waldron@geneticsignatures.com
T: +61 (0)2 9870 7580
Maria Halasz
CEO, Genetic Signatures Limited
maria.halasz@geneticsignatures.com
T: +61 (0)2 9870 7580
About Genetic Signatures
Genetic Signatures is a specialist molecular diagnostics company focused on the development and
commercialisation of its proprietary platform technology, 3base®. Genetic Signatures designs and manufactures a
suite of real-time Polymerase Chain Reaction (PCR) based products for the routine detection of infectious diseases
under the EasyScreen™ brand. Genetic Signatures’ proprietary 3base® platform technology provides high-volume
hospital and pathology laboratories the ability to screen for a wide array of infectious pathogens, with a high degree
of specificity, in a rapid throughput (time-to-result) environment. Genetic Signatures’ current target markets are
major hospital and pathology laboratories undertaking infectious disease screening.
About Microba Life Sciences
Microba Life Sciences Limited (ASX: MAP) is a precision microbiome company listed on the ASX since April 2022.
Its diagnostics division provides clinical-grade gut microbiome testing to healthcare professionals in Australia, UK
and Europe, supported by distribution relationships with Sonic Healthcare and SYNLAB. Its therapeutics pipeline
includes the Phase 2-ready MAP 315 asset for ulcerative colitis.
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