Roche Beefs Up PCR-Test Portfolio With TIB Molbiol Acquisition

  • Roche Holdings AG RHHBY has agreed to acquire  TIB Molbiol Group for an undisclosed amount. The deal is expected to close in Q4 of 2021.
  • The acquisition will enhance Roche's portfolio of molecular diagnostics solutions with a wide range of assays for infectious diseases, such as identifying SARS-CoV-2 variants. 
  • TIB Molbiol's portfolio of over 45 CE-IVD assays and more than 100 research use assays are already available on Roche's installed base of LightCycler PCR systems and MagNA Pure sample preparation systems.
  • The two companies have collaborated for more than 20 years to address critical healthcare needs. 
  • Price Action: RHHBY shares closed 1.42% lower at $48.49 on Wednesday.
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