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Provalis Sells its Point-of-Care Dx Business to Bio-Rad for $3M

NEW YORK (GenomeWeb News) - Bio-Rad said today that it has purchased the medical diagnostics business of Provalis for around $3 million in cash.
 
Provalis’ diagnostics business, based in the UK, sells point-of-care diagnostic products for chronic disease management of diabetes and osteoporosis. The unit’s principal products are the in2it A1c and Glycosal diagnostic tests for diabetes.
 
“While this is a relatively small acquisition, it expands our market breadth in the very critical area of diabetes monitoring,” Norman Schwartz, Bio-Rad president and CEO, said in a statement.

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