Pharos Capital Group has taken a controlling interest in TechLab Inc. from Alere Inc. and TechLab's founders Dr. Tracy Wilkins and Dr. David Lyerly, both of whom will remain with the company and hold a minority stake. (Sep.)
Three members from Pharos Capital will join TechLab's board, while former Alere executive and TechLab board member Daniel Delaney takes the helm as CEO. Following the transaction, Alere will continue as the worldwide distributor of TechLab's products. TechLab develops rapid non-invasive diagnostics for gastrointestinal disease. Its Quik Chek technology enables accurate test results in less than a half hour. Applications for the company's diagnostics include C
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