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Gen-Probe to buy Prodesse for $60mm plus earn-outs

Executive Summary

Adding to its portfolio of nucleic acid diagnostics, Gen-Probe is acquiring private molecular diagnostics firm Prodesse for $60mm in cash, plus up to $25mm if financial and regulatory milestones are met in 2010 and 2011.
Deal Industry
  • Biotechnology
  • In Vitro Diagnostics
    • Chemistry, Immunoassay
    • Molecular Diagnostics & Genetic Testing
  • Laboratory Testing Services
  • Research, Analytical Equipment & Supplies
    • PCR & Amplification Tools
Deal Status
  • Final
Deal Type
  • Acquisition
    • Includes Earnout
    • Intra-Biotech Deal
    • Full Acquisition
    • Acquisition of Private Biotech

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