Roche has inked a $1.8 billion, all-cash deal for GenMark Diagnostics, to acquire its molecular tests designed to screen patient samples for multiple infections simultaneously.
By Reuters Staff
3 Min Read
ZURICH (Reuters) - Roche is filling a testing portfolio gap by buying U.S.-based GenMark Diagnostics in a $1.8 billion deal that the Swiss pharmaceuticals manufacturer said taps one of the fastest-growing diagnostics areas.
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd Wiegmann
Basel-based Roche launched a cash offer for GenMark for $24.05 per share, a premium of 43% on GenMark’s Feb. 10 share price, before media deal speculation. The transaction should close in the second quarter.
GenMark makes “syndromic panel tests” to simultaneously detect multiple pathogens responsible for respiratory illnesses like pneumonia or the dangerous blood infection sepsis, an area Roche has sought to enter to challenge rivals like France’s bioMerieux.
Mar 14, 2021
EVE of the 2020 PBA Rookie Draft. All mock drafts have been put out. Suddenly Terrafirma coach Johnedel Cardel came out with an ambiguous statement that basically says that contrary to popular belief, the Dyip aren t completely settled on making Joshua Munzon the No. 1 overall pick on Sunday.
Just like that, all the mock drafts came in danger of being thrown out the window as the pieces begin to crumble from the top down.
The doubt has been cast. And it s not without basis. Did the pre-draft noise around Fil-Am guard Mikey Williams - or TnT s late move to get the No. 4 pick from sister team NLEX -change the mind of whoever makes the decisions for Terrafirma?
The Latest: All Duke University undergrads must quarantine
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1of20FILE - In this Friday, Feb. 19, 2021, file photo, medical transporter Adrian Parrilla moves a patient into a COVID-19 unit at Mission Hospital in Mission Viejo, Calif. There are 3,250 people hospitalized statewide, a drop of more than 85% since peaking around 22,000 in early January, the state Department of Public Health reported Saturday, March 13, 2021.Jae C. Hong/APShow MoreShow Less
2of20People stroll in the Navigli popular area Milan, Italy, Saturday, March 13, 2021. From Monday most of Northern Italy will become red zone with stricter rules aimed at curbing the spread of Covid-19, which is skyrocketing due to the variants. (Claudio Furlan/LaPresse via AP)Claudio Furlan/APShow MoreShow Less
The Latest: All Duke University undergrads must quarantine
The Associated Press
FacebookTwitterEmail 20
1of20FILE - In this Friday, Feb. 19, 2021, file photo, medical transporter Adrian Parrilla moves a patient into a COVID-19 unit at Mission Hospital in Mission Viejo, Calif. There are 3,250 people hospitalized statewide, a drop of more than 85% since peaking around 22,000 in early January, the state Department of Public Health reported Saturday, March 13, 2021.Jae C. Hong/APShow MoreShow Less
2of20People stroll in the Navigli popular area Milan, Italy, Saturday, March 13, 2021. From Monday most of Northern Italy will become red zone with stricter rules aimed at curbing the spread of Covid-19, which is skyrocketing due to the variants. (Claudio Furlan/LaPresse via AP)Claudio Furlan/APShow MoreShow Less