Diatech offers molecular diagnostic tools for precision oncology medicine. Credit: Tatiana from Pixabay.

Private equity corporation TA Associates (TA) has reached a definitive agreement to invest in Italian molecular diagnostic tools provider Diatech Pharmacogenetics (Diatech).

Under the terms of the deal, Alto Partners, a minority investor in Diatech, will completely divest its stake in the business. Financial terms of the deal have not been disclosed.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The founder and management team of Diatech will continue to hold the majority ownership of the company, forming a close partnership with TA.

TA’s funding will bolster Diatech’s ongoing efforts in advancing diagnostic solutions and reagents in the pharmacogenetics sectors.

Additionally, it will fuel the company’s worldwide expansion efforts.

See Also:

TA director Lovisa Lander said: “Diatech’s comprehensive, market-leading product portfolio highlights the company’s commitment to a rigorous and differentiated research and development process that consistently drives value creation.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Founded in 1996, Diatech is engaged in the development, manufacturing and commercialisation of molecular diagnostic tools for precision oncology medicine.

The company provides genomics testing solutions designed to identify gene mutations and genetic variations that are targeted by cancer therapies.

The tests are aimed at enhancing the effectiveness of cancer drugs by enabling personalised diagnosis and treatments.

Diatech president and founder Fabio Biondi said: “TA offers extensive operational experience and a wide global network that will be critical as we strive to accelerate our international growth and product innovation.”

Subject to customary regulatory approval, the deal is anticipated to complete in the second quarter of this year.