Agilent Technologies to acquire Biocare Medical in $950m deal [Yahoo! Finance]
Agilent Technologies, Inc. (A)
Last agilent technologies, inc. earnings: 2/18 04:05 pm
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Source: Yahoo! Finance
Agilent Technologies has agreed to acquire pathology solutions provider Biocare Medical in a cash transaction worth $950m. The acquisition will give life sciences firm Agilent control of California-based Biocare's immunohistochemistry (IHC), in situ hybridisation (ISH) and fluorescence in situ hybridisation (FISH) solutions that are designed to support improved patient health outcomes across oncology and broader clinical pathology. With access to these products, Agilent highlighted that it expects the combination of its global operations with Biocare's US commercial presence to create a stronger platform to better serve a “broader base” of research and clinical customers. Given that Biocare holds more than 300 specialised antibodies, Agilent added that it also anticipates the acquisition to expand its ability to develop and commercialise new in vitro diagnostic (IVD) antibodies. Agilent expects the transaction to close by the fourth quarter of its 2026 fiscal year and become
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