BioTechne to buy Exosome Diagnostics

|By:, SA News Editor

Bio-Techne (NASDAQ:TECH) agrees to buy Exosome Diagnostics for $250M cash plus a contingent consideration of up to $325M based on certain future milestones.

President and CEO Charles Kummeth says the acquisition "positions Bio-Techne to be a leader in the rapidly-growing non-invasive liquid biopsy market."

The transaction will be financed through a combination of cash on hand and a revolving credit line that Bio-Techne expects to obtain before the deal closes.

Closing is expected in July or early August.

Source: Press Release

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