Lab21 gains cervical cancer platform with Novacyt merger

UK molecular diagnostics firm Lab21 has agreed to merge with French firm Novacyt, gaining a listing on the Alternext exchange in Paris and a presence in the cervical cancer screening market in the process.

UK molecular diagnostics firm Lab21 has agreed to merge with French firm Novacyt, gaining a listing on the Alternext exchange in Paris and a presence in the cervical cancer screening market in the process.

The stock-based reverse takeover will see Lab21’s shareholders receiving around 2.5 million Novacyt shares at an exchange ratio of 0.925...

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