Skip to main content
Premium Trial:

Request an Annual Quote

Bio-Rad, Qiagen Shares Drop on Report of Possible Merger

NEW YORK – Wall Street had a mixed reaction to a report that Bio-Rad Laboratories and Qiagen are in talks about a possible merger. 

On Monday, Bio-Rad's shares slid 8 percent to $392.95 while Qiagen's stock rose 3 percent on a report from the Wall Street Journal about a potential merger. In early morning trading on Tuesday, Bio-Rad's shares remained down 2 percent, while Qiagen's stock reversed course and were trading down about 3 percent. 

The WSJ report drove Qiagen's shares up as much as 8 percent on Monday and Bio-Rad's shares down as much as 10 percent. 

An agreement is not expected to be reached for a few more weeks, if at all. The merger could be valued at more than $10 billion, the WSJ reported.

Bio-Rad has been angling for a larger transformative deal, potentially a merger of equals, since early in 2021. Meanwhile, Qiagen was slated to be acquired by Thermo Fisher Scientific in 2020 before that deal fell apart

A spokesperson for Bio-Rad said that the company does not comment on market speculation, while a spokesperson for Qiagen said that the firm does not comment on market rumors.

The Scan

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.

Study Presents New Insights Into How Cancer Cells Overcome Telomere Shortening

Researchers report in Nucleic Acids Research that ATRX-deficient cancer cells have increased activity of the alternative lengthening of telomeres pathway.

Researchers Link Telomere Length With Alzheimer's Disease

Within UK Biobank participants, longer leukocyte telomere length is associated with a reduced risk of dementia, according to a new study in PLOS One.

Nucleotide Base Detected on Near-Earth Asteroid

Among other intriguing compounds, researchers find the nucleotide uracil, a component of RNA sequences, in samples collected from the near-Earth asteroid Ryugu, as they report in Nature Communications.