Bio-Techne Corp. paid $250mm cash to acquire privately held molecular pathology firm Advanced Cell Diagnostics Inc. (ACD). The deal could also include up to $75mm in earn-outs. (Aug.)
The deal marks Bio-Techne's foray into the genomics field. ACD develops and sells genomic analysis consumables for its RNA in situ hybridization technology RNAscope. The platform allows for the detection and monitoring of single RNA molecules and biomarkers at the single-cell level, with applications in the diagnostics and companion testing markets. Products include assay kits and reagents, target probes, and software, which together brought in $25mm in revenues for the company for the last twelve months
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