Roche to Acquire LumiraDx's Point of Care Technology for $295M

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Roche to Acquire LumiraDx's Point of Care Technology for $295M


  • Roche is set to acquire specific segments of LumiraDx Group, focusing on its Point of Care technology. The transaction is anticipated to conclude by mid-2024, with the integrated entities becoming part of Roche Diagnostics
  • Roche will pay $295M, with an additional payment of ~$55M for reimbursing funds related to LumiraDx's Point of Care technology platform. This acquisition is part of a pre-packaged UK administration sale, endorsed by LumiraDx Group's senior secured lender
  • The platform has a potential for additional high medical value tests and offers a broad range of immunoassay and clinical chemistry tests

Ref: Roche | Image: LumiraDx

Related News:- LumiraDx Collaborates with AstraZeneca and Everton to Establish a Heart and Lung Screening Hub for its NT-proBNP Test Across England

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Shivani Chandra

Shivani is a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She covers news related to Product approvals, clinical trial results, and updates. She can be contacted at connect@pharmashots.com.

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