QuidelOrtho completes LEX Diagnostics buy for $100 million By Investing.com
QuidelOrtho Corporation has announced the completion of its acquisition of LEX Diagnostics for approximately $100 million in cash. This acquisition adds the LEX VELO System, a molecular diagnostics platform providing rapid testing for Influenza A, B, and COVID-19, enhancing QuidelOrtho's molecular diagnostics portfolio. Despite the strategic acquisition, QuidelOrtho's stock has declined, and the company recently preannounced weaker-than-expected first-quarter results due to a soft respiratory season and other market challenges.
https://in.investing.com/news/company-news/quidelortho-completes-lex-diagnostics-buy-for-100-million-93CH-5345868