BioCentury on BioBusiness,
Going for diagnostic clout
Monday, January 25, 1999
The planned merger between Shield Diagnostics Group plc (LSE:SDG)
and Axis Biochemicals AS (OSE:AXI) will create a heart disease testing company
valued at about £160 million ($264 million) with enhanced clout when it comes
to dealing with multinational diagnostics distributors.
While both companies could have continued on their own, they
concluded that a combined entity would have more leverage in dealing with the
multinationals that use SDG and AXI products on their instrumentation. Both
companies have developed complementary tests for homocysteine, an amino acid
found in blood that is considered to be a good indicator for detecting
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