Cepheid makes second diagnostic acquisition.(Executive Briefing: News, Trends & Market Intelligence for Instrument Executives)

Instrument Business Outlook | February 15, 2007 | Copyright

Sunnyvale, CA 2/15/07 -- Cepheid, a provider of nucleic acid amplification equipment and reagents, has acquired Sangtec Molecular Diagnostics AB from ALTANA Pharma AG for $27 million in cash. Based in Broma, Sweden, Sangtec is a manufactuer of PCR-based molecular diagnostics products and had 2006 revenues of $8 million. Cepheid intends to integrate Sangtec's affigene kits for the immunocompromised market with in vitro ...

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