Erba Diagnostics (NYSEMKT:ERB) is a fully integrated in vitro diagnostics company that has been in the midst of a turnaround for more than three years. The company was once a subsidiary of Phillip Frost's Ivax Corporation (previously named Ivax Diagnostics), and spun off into its own entity after Suresh Varizani bought the company in 2010 for approximately $15 million. Suresh Varizani is a Mumbai based entrepreneur who founded Transasia in 1979 with an initial bankroll of $5, and is currently the CEO of Erba Diagnostics Manheim. Through Erba Manheim, Varizani owns 82.4% of Erba Diagnostics. Erba Manheim is the parent company of Erba Diagnostics.
Erba Diagnostics, through the acquisition and consolidation of several companies, is composed of...
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