Cepheid Acquires Swedish PCR Dx Kit Shop Sangtec for $27M in Cash

Feb 15, 2007

NEW YORK (GenomeWeb News) — Cepheid today said it has acquired PCR diagnostics company Sangtec Molecular Diagnostics from Altana Pharma for around $27 million in cash.

Cepheid CEO John Bishop said the acquisition gives the company a “relatively complete line of products for managing infections of immunocompromised patients.”

Bishop said the firm will also provide Cepheid with an established reagent-manufacturing base in Europe.

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