divestiture | GenomeWeb

divestiture

The company said the divestiture to Varian Medical Systems would allow it to concentrate on investing in high-growth parts of its business.

Hologic CEO Steve MacMillan said that the deal is so compelling that the firm needed to do it now.

The company said it earned approximately $128 million in revenue in 2015, and accessioned 42,000 total commercial diagnostic test samples.

The moves are part of an organizational restructuring designed to increase the company's focus on its core women's health business and reduce operating costs.

Transgenomic has completed its divestment of its Genetic Assays and Platforms unit to Adstec

PDI also said that it would assume the name of its subsidiary, Interpace Diagnostics, to better reflect its focus on its molecular diagnostic operations.

The company sold the technology and assets to Edge BioSystems as part of an ongoing effort to divest legacy non-core businesses and product lines.

NEW YORK (GenomeWeb) – Saying that it does not believe its Chemical and Applied Markets division can achieve "acceptable financial performance" in the next two years, Bruker today said that it plans to sell and/or restructure certain parts of the CAM business, resulting in an expected 200 to 250

NEW YORK (GenomeWeb) – Sequenom said after the close of the market Friday that it has sold its bioscience business, which includes its MassArray system, to Agena Bioscience for $31.8 million.

NEW YORK (GenomeWeb News) – The US Federal Trade Commission today said that Thermo Fisher Scientific has agreed to sell certain assets to GE Healthcare as a condition of getting clearance for its acquisition of Life Technologies.

Pages

In Science this week: metagenomic-based technique for determining protein structure, and more.

An academic laments the rise of narcissism in the sciences, the Guardian reports.

Outgoing FDA commissioner Robert Califf writes in an editorial that the agency can help boost innovation.

The Trump transition team has asked NIH Director Francis Collins to remain at his post, though it's unclear for how long that will be.