Oral diagnostics merger

EPTO will merge with STC Technologies (Bethlehem, Penn.) to form OraSure Technologies, which will be focused on oral fluid and point of care diagnostics. EPTO will issue about 20 million shares to STC shareholders, or about $250.5 million based on EPTO's $12.75 close on Friday. The merged company will use EPTO's OraQuick oral fluid testing platform with STC's Up-Converting Phosphor Technology (UPT), which uses submicron phosphor particles to increase assay sensitivity. ...