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Industry

Image: The Coris acquisition provides Avacta with a broad, professional-use rapid test product portfolio (Photo courtesy of Coris Bioconcept)

Avacta Expands Diagnostics Portfolio with Acquisition of Rapid Test Maker Coris Bioconcept

Avacta Group has acquired Coris Bioconcept for an upfront cash consideration of GBP 7.4 million, including an earnout, contingent on future business performance, which could amount to up to GBP 3 million in cash. More...
05 Jun 2023
Image: The global hemostasis diagnostics market is expected to reach USD 3.95 billion by 2025 (Photo courtesy of Freepik)

Global Hemostasis Diagnostics Market Driven by Increase in Invasive Surgical Procedures

The global hemostasis diagnostics market is projected to grow from USD 2.28 billion in 2018 to USD 3.95 billion by 2025, driven by an increase in blood clotting disorders, growing awareness about these conditions, and rising healthcare spending. More...
25 May 2023
Image: The global market for infectious disease-based tests using biomarkers is projected to reach USD 20.7 billion in 2027 (Photo courtesy of Freepik)

Global Market for Biomarker-Based Infectious Disease Tests to Surpass USD 20 Billion in 2027

The global market for infectious disease tests that utilize biomarkers is anticipated to expand at a CAGR of 5.8% from USD 14.8 billion in 2021 to USD 20.7 billion in 2027. More...
16 May 2023
Image: HemoCell Specialized Lab Automation is a customizable and fully automated workcell for hemostasis testing (Photo courtesy of Werfen)

Werfen and Thermo Fisher Enter Into Worldwide Distributor Agreement for Hemostasis Testing Workcell

Werfen has entered into a new long-term, exclusive partnership agreement with Thermo Fisher to globally distribute the TCAutomation laboratory automation system, specifically tailored for hemostasis diagnostics More...
05 May 2023
Image: The Lucira COVID-19 Test provides 98% accurate, lab-quality results in 30 minutes or less (Photo courtesy of Lucira)

Pfizer Acquires COVID-Flu Test Developer Lucira Health for USD 36.4 Million

Pfizer acquired Lucira Health for USD 36.4 million in a bankruptcy auction. Lucira stated that a lengthy EUA process for its COVID-19 and influenza test had proved expensive, leading to the bankruptcy filing and sale process. More...
02 May 2023
The global POC molecular diagnostics market is anticipated to expand at a CAGR of 8.5% during 2023-2031 (Photo courtesy of Freepik)

Global POC Molecular Diagnostic Market Driven By Growing Demand for Near-Patient Testing

The increasing prevalence of infectious diseases and cancer, as well as the advantages and benefits of POC molecular diagnostics, are driving demand. Consequently, the global POC molecular diagnostics market is expected to grow at a CAGR of 8.5% between 2023 and 2031. More...
25 Apr 2023
Image: The new Panall 8000 all-in-one molecular diagnosis system is being showcased at analytica Vietnam 2023 (Photo courtesy of Tianlong)

Tianlong Exhibits Brand-New All-in-One Molecular Diagnosis System at analytica Vietnam 2023

Tianlong Science and Technology, an innovative high-tech company specializing in molecular diagnostic products, is attending analytica Vietnam 2023, marking the first time Tianlong is exhibiting in Vietnam. More...
19 Apr 2023
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LabMedica Industry News channel reports on mergers and takeovers, on cooperative agreements and on trends in the IVD industry worldwide.
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