US-based biotechnology company, Transgenomic, has agreed to acquire Precipio Diagnostics, LLC with the aim of creating a platform for improving accuracy of cancer diagnoses.
The target company, which is a cancer diagnostics reference laboratory, will become a wholly owned subsidiary of the acquirer company, while the acquirer company will be renamed as Precipio, Inc, whose shares are planned to be listed on the NASDAQ.
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The existing security holders of Precipio Diagnostics will receive 62%-80% of the outstanding shares of Precipio, Inc.
Japanese optical products maker, Hoya Corporation, will acquire full stake in US-based ophthalmic lens maker, Performance Optics, LLC from private equity firm Wind Point Partners, which holds 63.37% stake in the target company, and other co-investors, who hold the remaining 36.63% stake.
The acquisition, which involves a purchase consideration of $476m, is expected to be completed in March 2017, and will enable Hoya to expand its product portfolio and take new initiative in the life care segment.
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UK-based diagnostics company, Oxford Immunotec Global PLC, has completed the acquisition of Immunetics, Inc, a diagnostics company based in the US, for $6m in initial cash payment and further $6m cash payable upon achieving certain milestones over the next three years.
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By GlobalDataThe acquisition is expected to help the Oxford Immunotec Global to diversify its revenue, improve profitability and provide new offering in the tick-borne disease market.
Danaher Corporation has agreed to acquire Phenomenex Inc, which will operate as a standalone company following the acquisition.
Danaher provides medical, commercial and industrial products and services, whereas Phenomenex makes high-value consumables for the separation sciences. Both the companies involved in the transaction are based in the US.
Phenomenex aims to expand its research and development (R&D) activities further, enhance its position in the market and diversify its product portfolio through the acquisition.
