Diagnostics
Roche to acquire BioVeris to expand its leading ECL immunochemistry business into new market segments
Published in Medical Patent Week, April 29th, 2007
Roche and BioVeris Corporation announced today that they have signed a definitive merger agreement under which Roche will acquire 100% ownership in BioVeris for 21.5 US dollars per share in cash or a total of approximately 600 million US dollars. This acquisition will allow Roche Diagnostics to expand its immunochemistry business from the human diagnostics field into new market segments such as life science research, life science development, patient self-testing, veterinary testing, drug discovery, drug development and clinical trials. The market for clinical trials is growing at approximately 10% per annum, and with these new fields an additional market of close to 400 million Swiss...
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Source: Medical Patent Week (2007-04-29)
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