5. Pace of M&A Continues
Merger activity continued to brisk in 2016. The industry has shown to be extremely dynamic, and IVD M&A deals that were brisk in 2015 continued into 2016. Some allow larger companies to acquire new technologies, but as shown in bold, there is a distinct move for globalization of IVD knowledge. LabCorp purchased Sequenom. Abbott announced its intention to buy Alere, Sunnyvale, CA-based Cepheid was purchased by Danaher corporation. Bio-Techne acquired ACD for $250 million, marking Bio-Techne's entry into the genomics field and market. ACD's technology, RNA-ISH is a technology facilitating and improving the monitoring of gene expression patterns at the single cell levelwhile retaining the morphological context of the tissue being analyzed. Oxford Immunotec Global PLC, a global, high-growth diagnostics company focused on developing and commercializing proprietary tests for the management of immune-regulated conditions, acquired substantially all of the assets of Imugen, Inc., a Massachusetts-based clinical laboratory focused on developing and performing specialized testing for tick-borne diseases. Luminex acquired Nanosphere and their Verigene platform and seeks to benefit from their broad menu, and strong presence in the molecular microbiology market. According to the companies. Nanosphere's Verigene technology leads in the high-growth bloodstream infection |