Lab tie-up would have multiple ailments aimeedonnellan
There’s logic to the combination. Berenberg analysts, for example, reckon the two companies’ strengths would complement each other. Qiagen makes kit used by drug companies and academics to test for disease, and has a 60% market share of sample preparation, whereas Bio-Rad only has around 5%. Meanwhile, Bio-Rad is particularly strong in hospital lab work.
But regulatory hurdles could still scupper any deal. Both companies sell PCR testing machines, used widely during the coronavirus pandemic. Regulators in the United States and Europe have been increasingly wary of tie-ups that could lead to higher prices. Qiagen shareholders are also an obstacle. They rejected Thermo Fisher’s bid on the grounds that it undervalued the business. Hedge fund Davidson Kempner has been particularlyRegister now for FREE unlimited access to Reuters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Bio-Rad Laboratories in Talks to Combine With QiagenBio-Rad Laboratories is in talks to combine with fellow life-sciences company Qiagen in a deal that would be worth more than $10 billion, according to people familiar with the matter.
Read more »
Diagnostics firm Bio-Rad in talks to merge with Qiagen - WSJCalifornia-based diagnostics company Bio-Rad Laboratories is in talks to merge with Qiagen NV , the Wall Street Journal reported on Monday, citing people familiar with the matter.
Read more »
Dapper Labs Halted Servicing Russians Following Latest EU SanctionsBlockchain firm Dapper Labs followed the EU's example and imposed restrictions on Russian accounts.
Read more »
Biden’s “Armageddon” Comment: Reckless Escalation or Fair Warning?President Biden's comments on the threat of Russia using nuclear weapons in their invasion of Ukraine drew sharp reactions and was downplayed by the White House. See potential bias and similarities in coverage from AP, foxheadlines, and thehill:
Read more »
Florida Continues to Survey Destruction, Death After Hurricane IanThe death toll from Hurricane Ian in Florida has reached 123. Damages are estimated to exceed $50 billion. See potential bias and similarities in coverage from nypost, axios, and CNN:
Read more »
Jimmy Kimmel shares update on his 5-year-old son Billy, says he still needs one more open-heart surgeryJimmy Kimmel is sharing an update on his 5-year-old son Billy’s health following multiple heart surgeries.
Read more »