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bioMérieux grows China footprint with majority stake in Hybiome

November 12, 2018 8:37 PM UTC

Increasing its presence in China and the immunoassay market, France’s bioMérieux S.A. (Euronext:BIM) acquired a majority stake in fellow diagnostics company Suzhou Hybiome Biomedical Engineering Co. Ltd. (Suzhou, China).

bioMérieux said it acquired 54% of Hybiome shares for €89.1 million ($100.3 million), based on a valuation for Hybiome of €165 million ($185.8 million). In July, bioMérieux gained a minority stake in Hybiome. ...

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