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'A great outcome': Sema4, other Connecticut biotech companies growing amid pandemic

Stamford firm joins CT biotech companies growing amid pandemic
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Photo: Matthew Brown / Hearst Connecticut Media
About four years ago, a nascent health care information firm was spun out of the Mount Sinai Health System into a new company.
Today, that business is worth approximately $2 billion and about to become a publicly traded enterprise.
The rise of the Stamford-headquartered Sema4 attests to the potential of Connecticut’s biotechnology sector. Powered by large-scale investment, Sema4 and other companies in the industry are growing quickly and developing a range of testing services and treatments to respond to COVID-19 and many other conditions. While other parts of Connecticut’s economy have long struggled to grow, biotech offers the potential of major job creation as the state tries to rebound from the pandemic-sparked downturn. ....

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'The right scale of fuel': Stamford-based Sema4 eyes more growth by going public

The right scale of fuel : Stamford-based Sema4 eyes more growth by going public
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State Rep. Matt Blumenthal, at left, and Sen. Chris Murphy, at center, tour Sema4 s laboratory at 62 Southfield Ave., in Stamford, Conn., on Sept. 18, 2020.Matthew Brown / Hearst Connecticut Media
STAMFORD Health care information provider Sema4 announced Wednesday that it would become a publicly traded company, an ambitious plan intended to catalyze further growth for one of the fastest-expanding firms in Connecticut.
In a move that values the company at approximately $2 billion, Stamford-headquartered Sema4 is going public through a process that offers an alternative to an initial public offering. It would result in Sema4’s shares trading on the Nasdaq Global Market upon the transaction’s expected completion in the second quarter of this year. ....

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