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May27
bioMerieux Sells Hemostasis Line to Trinity Biotech for $60M
French biopharmaceutical bioMerieux is selling its hemostasis range of products to Trinity Biotech plc for a total value nearing $60 million, including collectibles. The operations sold include the automated and semi-automated hemostasis analyzers, as well as a comprehensive range of reagents used in blood coagulation diagnostics.
"As part of the transition, Trinity will transfer production of the diagnostic tests and instruments from bioMérieux's facilities in North Carolina to Dublin and from St Louis to Jamestown, New York respectively," the company said in a statement.

The firm also said in the press release that the company will focus on infectious diseases, cancer and cardiovascular diseases instead. The deal is expected to close before June 30.

Source: Biomerieux

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« Novartis AG Will Launch Anti-Malaria Project | Main | ProEthic Pharmaceuticals Initiates Phase III Trial for Migraine Drug »

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