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Stock impact report

Fulgent Genetics to buy Bako Diagnostics assets and StrataDx [Yahoo! Finance]

Fulgent Genetics, Inc. (FLGT) 
Last fulgent genetics, inc. earnings: 3/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.fulgentgenetics.com
Company Research Source: Yahoo! Finance
Closure of the acquisitions is anticipated in the first half of next year, contingent on customary closing conditions and regulatory clearances. The total purchase price will be paid from Fulgent's cash on hand. The addition of Bako and StrataDx is anticipated to bolster Fulgent's lab services business with the inclusion of new products and services, widening its national client base as well as sales team, and increasing its team of pathologists. Bako offers a comprehensive testing menu that includes anatomic pathology, molecular genetic testing, and peripheral neuropathy immuno-histochemical testing. StrataDx provides dermatopathology testing services and is Clinical Laboratory Improvement Amendments (CLIA)-certified and State of Massachusetts-licenced. Fulgent is said to have invested in AI and digital pathology, including the Eziopath image management system launch. The adoption of these technologies is expected to enhance the capacity, turnaround times and quality of Show less Read more
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