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Quidel announces definitive agreement to acquire Alere Triage Assets

Published 07/17/2017, 07:59 AM
Updated 07/17/2017, 07:59 AM
© Reuters.  Quidel announces definitive agreement to acquire Alere Triage Assets
  • Quidel Corporation (NASDAQ:QDEL) announces that it has entered into definitive agreements to acquire the Triage MeterPro cardiovascular and toxicology assets and the B-type Naturietic Peptide (BNP) assay business from Alere Inc. These products are being divested in order to obtain antitrust approvals required for Abbott’s pending acquisition of Alere.
  • The sale transactions are subject to the completion of Abbott’s acquisition of Alere.
  • Quidel will distribute the Triage MeterPro products and BNP assays through a combination of direct sales force and distributors. Transactions are expected to close by September 30.
  • Quidel will acquire the Triage and BNP business for a total consideration of $400M plus $40M in contingent consideration.
  • Now read: Celldex: Can It Succeed Just Once?


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