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  "docSlug": "5fadb686cc03",
  "documentTitle": "Twist Bioscience (TWST)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-11-15 00:00:00",
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  "pageNumber": 49,
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  "notes": "Uses a press release excerpt to undermine the uniqueness of the target company's IP.",
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      "kind": "callout",
      "text": "CustomArray uses semiconductor chip technology to electrochemically synthesize DNA right on the chip surface. The patented and proprietary technology allows the creation of large numbers of different oligonucleotides in a highly parallel, high-throughput, high-density, and cost-effective manner. CustomArray, as a market leader in oligonucleotide pools, with one of the world's leading array-based synthesis technologies, strengthens GenScript's leadership in synthetic biology, such as gene synthesis, CRISPR library, shRNA library, enzyme and antibody engineering.",
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      "kind": "callout",
      "text": "The acquisition illustrates the negligible value of Twist’s “chip” and the lack of any intellectual property – an inexpensive, commodity technology readily available from numerous mom-and-pop fabricators.",
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      "kind": "paragraph",
      "text": "In 2017, Custom Array was purchased by Genscript - Twist’s key Chinese competitor. The acquisition illustrates the negligible value of Twist’s “chip” and the lack of any intellectual property – an inexpensive, commodity technology readily available from numerous mom-and-pop fabricators. Custom Array lists only 9 employees on LinkedIn, was presumably purchased for peanuts, yet produces an array with throughput that leaves Twist in the dust. Note that Custom Array describes itself with identical language: “semiconductor chip technology to electrochemically synthesize DNA right on the chip surface.”",
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      "kind": "paragraph",
      "text": "Dec 2017 press release\nGenScript Biotech Acquires CustomArray to Expand Synthetic Biology Product Portfolio",
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      "text": "“semiconductor chip technology to electrochemically synthesize DNA right on the chip surface.” — Dec 2017 press release",
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      "text": "Source: https://www.prnewswire.com/news-releases/genscript-biotech-acquires-customarray-to-expand-synthetic-biology-product-portfolio-300575432.html",
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