BioCentury
ARTICLE | Company News

Biohit, Euroclone S.p.A. deal

April 22, 2013 7:00 AM UTC

Diagnostic company Biohit acquired Euroclone's Euroclone Gastro s.r.l. gastrointestinal diagnostics subsidiary for 180,000 new Biohit shares, or about €1.1 million ($1.5 million) based on Biohit's close of €6.26 on April 17, the day before the deal closed. Euroclone, which was previously an Italian distributor of Biohit's diagnostic products, spun out the subsidiary to implement the deal. Biohit said the acquisition strengthens its diagnostic distribution in Italy. ...