Luminex

Industry executives said they believe ASRs are key components for laboratory directors who need to quickly develop critical diagnostic tests. 

Mosquito (Aedes aegypti)

The test was designed by diagnostics maker GenArraytion and uses the Luminex xMAP technology.

The PCR-based assays run on the company's Aries system, which itself received FDA clearance in October 2015.

The M1, a lower-throughput version of the company's Aries System, can process up to six samples and six assays at a time.

Luminex expects Nanosphere to contribute between $13 million and $16 million to its consolidated revenue in 2016.

Luminex's anticipated FY 2016 revenue growth of 6 percent to 9 percent could potentially push higher into the double digits following the integration of Nanosphere.

The CE marking follows the approval of the Aries sample-to-answer system and HSV assay in Europe earlier this year and in the US in late 2015.

The company raised its offer to $1.70 per share from its previous agreement of $1.35 per share in response to an unsolicited bid from a third party.

Luminex said it will pay $1.35 per share for the molecular diagnostics developer, which today reported Q1 revenues rose 43 percent year over year.

The company reported record assay and royalty revenues, and said that system revenues grew 39 percent year over year.

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